See that's the point. I think retail are whom he needs to cater to as we have a small Market cap with low outstanding shares that are held tightly by whom? Dwek, the officers, and us -retail. In buying 200thou dollars of FNC earlier this year, I know I'm not institutional, but does that make me one of the large shareholders he needs to appeal to? No. I'm small fry compared to several retail I know. Yet, it contributed to the SP momentum up to climb to .60c.

Certainly, Peter would have appreciated we "retail" driving the SP up to .60 from the Stoke NR by increasing demand over supply.

Also, who did Nemis leak info to that drove Noront SP up to 7.00? I'm assuming retail kept buying up at that range. I could be wrong. Do you think it was institutional money?

My feeling, and I don't have evidence, is the next large shareholder or institutional who wants to acquire even 1% of Fancamp will have to convince retail to loosen up their shares. The only way to do this is to make an offer large enough to be convincing. I suppose its possible that Dwek could play games and force the SP down to scare off retail, but I doubt that they'll do that to Smith.

Now imagine Smith announces a sale of 12.5 mil. (now which property fits that bill?) and he offers .25c dividend per share on a designated future date. Now FNC has the attention of large shareholders drooling at the easy profit. Beginning at .45c how far up will SP go before we retail allow the large shareholders in. So for 12.5 mil, where did it take the SP, and how far did the market cap increase? .70c SP. 1.00SP, 1.25 SP. For me, I can endure a lot of patience with a side dividend, that allows me to keep my share, yet still give me extra cash to take advantage of other opportunities. So for me to loosen a small percentage of my shares, it's going to be above 1.00. And even at $1.00, those large institutional would still love the immediate 25% increase if they get the shares before the dividend date. Plus Smith begins a new reputation of buying inexpensive properties with value and selling them to benefit his shareholders. Soon he'd be able to have Fancamp company buy Fancamp shares and allow the company to profit from the dividends. And now we are grateful for Smith's talent and don't mind him letting property go before it's value is proven up because we are reaping rewards financially along the way.

Some people have scoffed at this dividend idea, as it's unusual. Buck the trend Mr. Smith. Imagine the reputation, this guy hits the homeruns once every 7 years, but he pays dividends once a quarter.

Another benefit. Imagine Fancamp gets this rep. Now imagine you are a company that's got a property but not the director talent nor the financing to do squat with it. You sell it to Smith's team inexpensively, but are allowed shares of Fancamp (perhaps the ones Fancamp buys back from the market for this reason-thus keeping low OS), because you know Smith's team will get you a dividend.

Now imagine the talent this dividend paying Fancamp will attract because it's personally lucrative to connected with Fancamp. You don't need to wait for the FWR-like 5 bagger homerun. You benefit along the way until that homerun comes.

It behooves Smith to cultivate retail, as it will be retail that ultimately provides the available shares. When a large shareholder dumps shares, usually they inform Smith about it and provide the reason, and from what I've seen it's the retail which takes advantage of the oversupply and props the SP back again.

I'd prefer the dividend then spinning off a new company as a sale gives a fast rewards and you don't have to deal with the years of legality of forming a new company.

That's my argument. I know it feels like a fantasy, but it's not to much of a stretch considering what Sheridan's estate demonstrated when liquidating. For Micro-minicaps, we retail allow financing at a higher SP with less dilution.

-stockgreed