Sadly this FP blogger Peter Konen will be given more credibility than those that has been saying the same thing for a long time here and have taken negative feedback for their warning only to protect other investors with nothing to personally gain, you can't short this stock at the level its been at for the past year plus period, so one would conclude that the only reason was to bring another view on the reality of this play given its history or serve as a reminder, hopefully some have sold on any run up and not added risk, so many other good stocks out there that going to do well in the next year.

This PP deal was highly speculative and risky, chances of closing 120 mil. bonds deal secured by Arb. award given the market condition we are in, risk aversions, deleveraging effect. leverage cycle ended in 2007, to many undervalue plays out there with little risk bonds, stocks, real estate, debts, etf, think about it, I am a lot more upset with management for putting this crap out there for shareholders consumption knowing fully well this deal will never close, they are or should be smart enough to know that, they were buying time for what, if nothing happens tomorrow shareholders will hurt, bondholders will hurt also to a much lesser extent, if a miracle happen, shareholders will hurt still, they will have to give up a whole lot but maybe better than BK, in that case you get nothing

In the end those that hold a lot of shares and have pumped this stock and didn't change their view even when the writing was on the wall.... karma gonna get you, they will have to live with what they spin. I am holding some free shares for some time now, would have been nice if it ran up, if not so be it, was a good board here, learnt lots, mostly enjoyed time spent here