My main concern with this company is its cash burn rate, which I don't know what it is, but with not a whole lot remaining, I could easily see any takeover vulture just sitting back and taking their time until PEM runs out of cash, and then they can pick up the company at a desperate, fire sale price - thus leaving us shareholders completely stiffed.

Yeah, management has really blown it. And I would not describe this as armchair, 20/20 hindsight. There are many of us who thought the financing should have occurred long ago, and the problems with the 43-101 are simply inexcusable. Regardless of whose fault this was, you cannot allow regulatory problems to derail you.

Obviously here in the US, tax selling can wait until the end of December, and since I think 0.05 is as low as it is going to get, I am biding my time. To pour more into this thing at this stage is a massive risk which I am not willing to do right now.

Hey Primed24 - you still around?