"At some time in the future it may be a great idea? Maybe after a settlement."

Problem is IMO, after a settlement the PPS could jump to $2, $3, $4. Do we really want to be purchasing shares at these prices when we can buy them at a discount today? Probably not as this will be the time we will want our management team to kick it into high gear on the M/A front. And if we can buy shares at a discount today, just think how that would help management on the M/A front.  More cash means more opportunity which means more return on YOUR investment. All my opinion, which is worth absolutely nothing. Good luck to you, me, us, and all longs.