First it is year old investigation and nothing is new, but still it will pressure PPS.
It was told verbally, it creates doubt about the timing. Why they need to tell verbally before CC, because they want them to announce on CC, they did not have enough time to send in writing to arrive before CC. All this was planed and executed since last weekend. Who it served, it served Shorts. I have this feeling all along as others have expressed on this board, that shorts and investigators are working together and ripping off investors.
Sad news is no one can prove it, individual investors are helpless.
They have to disclose it in a timely manner because it is material information. The timing sucks for longs. It would have been great if it was received and thus disclosed next week after the stock already gained 20-25 points.
You're right about that, pretty sure now that I've mulled it over, that this was an oportunistic play by the other DA's probably spurred by the Barrons article. If notified sooner, I think they would have to disclose before the ER.