Correction; From my last post. I'm also an ex-Liberty and ISM shareholder. Whenever my own expectations were not met I sold off part of my positions. In time I sold off both positions of both companys to zero.

Whether it was a delayed 43-101 report or missed production target I sold some shares. As the disappointments continue for both companies I eventually moved on to greener pastures.

As far as buying back Liberty, what would make me? Well as I said already, I expect this company to turn a short term profit at some time as long as JJ is there to pick up the pieces (as they have all along). Would I get excited to see a $1 or $2 million profit? Thinking this is the beginning of a turnaround? Not likely.

Since the company is already controlled by a major with its 60% ownership and is owed many times more than the company is worth (I'm including all debt and preferreds and accumulated dividends and interest owed), I would want to see much larger profits. Enough that real efforts to pay back JJ start to occur in a meaningful way. Until that happens, JJ technically owns 99.99999% of Liberty.

And as already stated, since McWaters won't be able to earn enough cash flow to pay for further expansions (ie Hart), more capital will have to be raise before McWaters and Redstone are fully depleted. And that extra capital is most likely to come from JJ in some form for further control of the company.

Until then I ain't holding my breath.

Best,