"I'm glad to hear you think they are very smart, that they have to hire "legal advisors". Sounds like a great use of cash. Especially with the fact that this should not be that complicated.

PRB should have done their DD, to look up and clarify the issue, before issuing a NR."

Facts often mean nothing in the face of a fast moving negative rumour. At PRB's stage they can't afford to be taken down by negative sentiment toward their stock when their aim at the present has to be to increase interest in their company. Their N.R. is simply "fight'n words" to anyone who would say nay against their claim. It is simply a tool to foster confidence in their holdings. Rumours are cheap and easy to put out there, the truth is expensive.