Jack,
You are entitled to your opinion of Del. Personally I believe Del stands to lose a great deal if PEM fails. Accusations of Del bailing at higher prices are not true. The shares he sold were a small percentage of his holdings and were explained.
I stand to lose a large percentage of my investment here but Del's mistakes were only part of the problems. His decisions were made with reasonable expectations at the time. After the events play out and end with poor results it is easy to say, Del should have or Del should not have.
The story is not over. I may lose the rest of my investment! But then, I may not !!
ge