I mentioned recently that there is going to be fierce competition for shares as this company ramps up as over 33% of shares are held by insideres. While this PP was not exepcted, this is actually going to increase that competition even more. I think that's why we are seeing a gap-up instead of the usual gap-down on a PP announcement.

The folks who wanted in on the PP who couldn't get in on this one are now going to be forced to buy even more aggressively on the open market.

I don't like the news, but this is the venture after all. Nothing much surprises me any more.