What do you mean reacted less? The stock is up a full 1 cent!!! It's amazing, that one of the real clouds of uncertainty has been removed (what if they couldn't get the land?) and the stock does nothing. Wall Street, wake up!
And they continue to hold the land being rezoned into a higher valued category. It would be interesting to know the increase in value arising out of this. Of course this is outside the main focus of the company but it still adds to the value of the stock.