That is right. Created but also destroyed. ...and we are still in the destruction phase.

From 2012 on, FNC has been sitting at less 1/4 the peak market cap.

For most of 2014, 2015, 2016, FNC was at the same market cap  as 2008. That is right 2008. Until recently, there was no change in the value of FNC compared to 2008.

BUT... there has been a huge change in for investors. The market cap in October 2008 was $9 million. This was supported by 32 million shares with a SP of ~28 cents. 

No change in the value of the company but MASSIVE value destruction for investors. 

We are all investors here. The SP is a proxy for company value that takes into account other factors such as management. This can raise the SP (think Apple) or it can drop it (think FNC). 

Yeah, we get it. You and Pete are buds and you will defend him at every opportunity but seriously, if he was not feeding you inside info, you might be feeling a little differently. Go back, read your old posts and reflect on how pissed you were when the two of you had a falling out. This is where many of us are now and it explains why your defence of Pete rings hollow.