Hello Goldhunter,

You’ve asked: “Why FNC cap is at $22M (compared to 32+ + + +?).”

The best answer is the one word answer: “Ignorance.”

Even though I know better, I’ll go just a little further (and, regretfully, try the
patience of those with a short attention span).

The details in your message (and in The Deputy’s reply) encourage likeminded
people, such as myself, to keep the faith. For that reason alone, your taking the
trouble to add up the numbers for us is a welcome and excellent service, for
which I thank you.

However, the answer you’re after will not be found by questioning the skills
you have with understanding numbers. No matter how you slice it, no matter
from which angle you look at the numbers, unmistakably, the result is a many-
fold crazy undervaluation.

Within the one word answer to your question (“Ignorance”), lies the solution:

“Cure the Ignorance.” That can be done by talking, on a regular basis, to the
investment institutions who supply investment facts to investors. Our objective
would be to wake them up and alert them (gently and politely and with your kind
of statistics) that they’re not doing their job.