Now I'm going to take a wild guess and say that the financial advisory thing that PRE set up with Lazard just before Christmas isn't going so very well.
Hey, lucky the insiders sold so many of their shares at much higher prices before the price collapsed, isn't it? I'd hate to think of Fino and his pals short of a dollar.
UPDATE: Ahhhh, this is it. 17.5c on the dollar, which means that either a) there will be better offers out there or b) PRE shares still have a long way to fall. Thanks you-know-who.