monday... is prr waiting for godot?, page-24

Sybasedba

Brace positions, here comes the broadside! LOL

There are two different issues involved in what you mentioned above.

PRR have been advised by legal counsel that to comment publicly on the Nasdaq listing could potentially be construed as "soliciting US shareholders", possibly incurring the wrath of the SEC.

On the other hand, there is nothing wrong with them speaking off the record that they have received that advice and are following that course.

The most prudent thing they can do in regard to the SEC approval is follow the rules and advice they have been given.

For those of us that really are long term investors, surely we would want out management to do what is prudent for the long term benefit of the company rather than act precipitously, merely to satisfy some impatient shareholders looking for quick trading profits.