Ann: Presentation - DFS Completed for Lance, page-55

Anyone else happy they are not focusing on being a takeover target? Even if they do eventually become one I think it is better they are not putting on a a show of being interested right now and just focusing on a reasonable path to production. The last thing I want to see in fact is a takeover at what could still be very low prices especially if I'm not interested in holding a concentrated position in the company doing the takeover. Let them try and take over PEN after its in production and when the hurry to scale production is due to high spot/contract pricing not a need to scale to achieve razor thin margins.