I am sorry to say that I think I respectfully disagree with you, maxwelg2, with your interpretation that their goal is to actually monetize in 2014.

I don't think that's what the letter says. I'm assuming the letter was carefully vetted by their legal counsel before publication and I can tell you that, from a lawyer's perspective, it says something different.

They say Copper Fox "plans to look at various strategies". That is stated in the present tense regarding their future intentions. Not past tense "have looked at various strategies" or even present tense regarding present activities "are looking at various strategies".

So what is that they're planning to do in the future? "look at various strategies" or "monetize its 25% interest" or maybe both?

Of course it is conceivable they want to do both in 2014. But 2014 is now one third behind us. Seems to me like a tall order to commence looking at various strategies and to decide upon one and to act upon it and complete it, all in the next eight months.

In my opinion, what they're saying is that this year they are going to start looking at different strategies. That is the plan for 2014. Like many other posters, I'm afraid our liquidity event is going to be 2015 or later.

I would prefer the liquidity event in 2014, of course. But if it is not going to happen we set ourselves up for another disappointment and maybe another pounding of the share price, when it doesn't happen.