The following is part of my recent post on the 'other' board. Some have already seen it. Anyway, it's a sore spot with me where small caps are concerned.

When information is in short supply, the void is usually filled by everything from legitimate concern to disinformation and even downright paranoia. The bashers and nay sayers see it as an opportunity to sow seeds of doubt, and always claim that either management is trying to trick people, or that there are huge problems transpiring, or both.
Therefore, I think companies would be better off if they kept investors more informed. It would help prevent some of the wild negative speculation about what is or is not happening.

Having said that, it is certainly true that management cannot and should not share everything with the public. In PLE's case, discretion has been necessary because the negotiations have been tricky and complicated. Several factions have been involved and airing all the ins and outs of the negotiations could have been counter productive if not disastrous. Never the less, I'm sure that a few carefully worded NR's would have gone a long way towards assuaging the concerns of shareholders.

Regards, Muffles