Hey SG,
If Smith told you wolverines would make good house pets, would you believe him? Lol.
Knowing the track record of this co. you really believe they can steer this to 5-7$? In what timeframe! It's a shame he's adamant not selling at 1.50 (if you believe that too). This company has been in his hands long enough... there's way too much evidence to know the difference between a hopeless believer versus a realist. This is more evidence that he's mainly concerned in retaining control of the company.
Smith knows how to play the game and dangle the carrot to retail - they fall for it all the time. I have learned his style personally, i'm surprised people keep falling for the same antics.
Just my thoughts...
Best,
Eudai