There are those who post here who understand the workings of an IPO better then myself. I'd like their take. One thing I haven't done, and perhaps someone could, is ask Granger theoretically how might a Magpie IPO work? Smith said he really can't talk about it for a couple of weeks until a NR.

But I wouldn't wait to buy in two weeks from now, because, as I said, Granger has the go-ahead to fast track it, so I believe a NR of intent is pending asap. I used to say that if Smith said 2 weeks, it meant a month. But Granger isn't Smith. He wants things done ASAP. The only reason he didn't progress further with it, is because Smith wanted him to hold up until he got back from vacation.

These are my suspicions. And no matter how I rework the questions, Deb and Peter aren't talking. I suspect that the party who wanted in on Magpie, who wanted to see it this winter, is connected with Pat Sheridan. Sheridan's health is beginning to present an endgame. He is highly motivated to liquidate. I suspect someone wants to buy Pat's half of Magpie or Pat is making a deal with a buyer to ensure a successful offer for Magpie with his 50%.

What doesn't hold water about my suspicion, is that if Pat were arranging a Magpie offer for the property, why IPO it? Why not just do the deal? This leaves either someone wants Pat's 50% or my suspicion is wrong and someone completely unrelated to Pat wants to buy the entire property.

Either way we all profit, because as I said, FNC sp isn't supported by Magpie. Magpie is all bonus -gratuity for being long.

-sg