I'm not sure how "forthcoming" they could possibly be. Moore really told nothing, other than that he has submitted a baseline from which to initiate (or re-initiate) negotiations. IMO, he is possibly far behind PTSC in the process.

IMO, PTSC has probably submitted multiple settlement proposals to Lecky, each a bit more refined than the one prior.

Generally, the process begins with one side proposing terms for a settlement/contract, and that initial proposal may be "shooting for the moon". But it forms a baseline for negotiations to commence. That initial proposal can be considered a "meeting agenda", and the arguing begins with some structure and some feel for the opposition's focus.

Think of it this way - without one of the parties offering up some written proposal, if there were a meeting to discuss, the parties might find themselves just staring at each other (possibly growling). But with something in hand to serve as that baseline, the parties can prepare and more effectively argue/defend their respective positions in a structured/organized fashion.

Also, in dealing with the "outside world" (including shareholders and all other interested parties), the unwritten rule is to be completely silent, as any indication of your side's perception of progress may impact the next round of discussions. And of course it would not be unusual for NDAs to have been executed by the parties.

Hope this helps. Been there, but typically with an initial proposal that is well within reason and fully defensible from the outset. The closer to reason, the more expeditious the process (assuming the parties are negotiating in good faith, which is requisite in any effective negotiation).

SGE

Back to lurking.....