As a holder of both companies, I would have to say at this point...

As a holder of both companies, I would have to say at this point in time Legacy is in a much better position and would be a safer bet. I strongly agree with your first paragraph and I think most who are currently invested in HAW feel the same way (yes, blanket statement - share price proves it) and are just playing the waiting game til that announcement is released. On the other side of the coin, Legacy's inability to achieve their goals is worrying, but since I am not a major part of the company I can not see or understand what may be holding them back for there could be quite legitimate reasons.

I'm starting to have fears about the end sale (when it happens, which it will) and I believe a lot of people may be in for a rude surprise. For myself & shareholders, I truly hope that is not that case but from what I have learnt in dealing with spec stocks, it's that you'll get screwed over more often than not.

TK