Dparge, no doubt that the delay is a red flag but it doesn't mean it won't happen. Perhaps Fungs buddy's will be there in the end if they can't close the deal without them.
It would have been great to have this all wrapped up before the announcement but it has been said here before that it is a tough market to raise money even thought this is Fungs specialty. There were a couple things hanging that probably delayed the start of the PP like the identity of the 3rd arbitration member.
As shareholders we have been screwed over more time than a $2 (you know). I wish I never invested in VZ. Given all that I have averaged down to under a $1.00 so even the bump to .60 will get me closer to getting my money back.
If this deal falls apart then this will be my last screwing.
JJ