Ann: Pioneer and Senior Financiers to extend Standstill Agreement, page-6

IMO it is possible that intending suitors for the business do not want it all. The PNC business model is quite different to that of the other PDP purchasing companies. Their ideology and philosophy is also quite different and I can imagine that a buyer may not wish to continue with the model employed. If things were all OK I would think that a deal would have progressed by now - most due diligence does not take as long as the time being suggested here. I think they want to carve it up. IMO the one thing which should be saved is their business model and philosophy. Having spent most of my career in this form of business I advocate that KJ has the model right from a social aspect.