Ann: Company Update and Samuel EPC Settlement, page-10

Samuel EPC agreeing to equity via share placement, plus having their escrow period wiped if the share price doubles within 6 months is a very positive sign. They're the engineers putting this together, and here you can clearly read they've agreed to own PEN themselves, with more incentives than one to see production streaming.
I like this by management. No negative news, mostly all constructive positive developments and certainly, by far, more positive than the lousy share price reflected in the months leading to the trading halt/suspension. Very interesting developments ahead. I see PEN being a producer, not a speccy, in a very near future. Sentiment changing from hold to buy.