One might look askance at the falling PPS. But, not necessarily, depending on one's purpose. The question is- can we count on our management to be acting in our interest? One could almost root for NU and wish that he were correct- with his blind faith that-

"Instead of an elaborate Game Of Thrones episode or painting he and Pete as nefarious boogeymen, it's much more likely they're trying to steer us towards a "good" JV deal to drill HM, while also protecting shareholders, including themselves with the Class A shares. "

But BG's complete lack of communication with shareholders, his despicable treatment of Mr. Briscoe, his obsession with pointless and vindictive law suits, his previous actions when deals were in the offing, the very fact of his apparent inability to conclude a deal, and, strikingly, the otherwise inexplicable awarding to himself and his cronies full authority over the company by granting themselves- without shareholder notice or approval through voting- those very special Class A shares- all suggest otherwise. 

With those controlling Class A shares- basically anything goes. Hypothetically, if someone were to scheme to take possession of a company away from the other shareholders, either by voting to take it private, or by going through a bankruptcy proceeding- it is what one would have done. 

Again- I would hope for NU to be right- that BG is working tirelessly and in good faith on our behalf- aggressively trying to secure a deal for drilling. But, if not, since we are automatically outvoted by those Class A 200 per share votes- we non-BOD shareholders have little say- other than via legal action or SEC intervention- both faint hopes. 

The only dim hope- is that Brett Gross feel compelled, by his own internal compass, to fulfill his ethical- and legal- obligation to act as fiduciary in carrying out his management duties. Does he feel bound by this obligation? If so- I call upon him to publicly pledge NOT to take the company private, nor  intentionally take measures that would force us into bankruptcy proceedings. He should further pledge- although, in normal circumstances this should go without saying- that he will give his utmost effort to secure a deal for drilling in a timely fashion for the benefit of the company and its general shareholders.