ScaryRacoon: Pinetree likely had enough of this and dumped a bunch more this morning.
My take is that Pinetree learned from the news release that they should better face the fact that it is not unlikely that nothing will happen until end of September. Too bad, since they want to pay back $10 million by end of August. Do they have that cash in their drawer already? I don't know, their news release isn't very specific here.