I am simply amazed by the amount of work that has gone into formulating this MIP. The management started working on the plan since June 2011,barely 3 months after the denial of the permit. I am wondering how much money and efforts went into that.

Did the oversubscribed PP fail because it did not have adequate incentives for the management. Tenor seems to have addressed that with a juicy 10% payout to them.

My sincere thanks to Mr.Reyes for his proposal to the judge....management gets a percentage of shares and will have to work to have them appreciate....though 10% is too generous.

Looking forward to a fair closure for all the long suffering shareholders.