As so many others have expressed, I also share your frustration with the SP action for MEO. It's almost enough to make you lose sight of the big picture (so eloquently expressed by a number of posters recently).

The following excerpt from an article by Kenneth Gerbino, while based on junior mining companies, it seems very applicable for our situation with MEO -

"The Canadian mining industry was built on prospectors going out into the wilds with a mule and supplies for a season or so to explore and look for mineral traces on surface. This was high risk and speculators and investors for their grubstake were given a big piece of the action if anything ever developed. This tradition now continues but on a grander scale with the investment banks demanding cheap stock and warrants from the company for their own account and customers. The warrant kicker is now so prevalent in Canada that it has ruined the share structure of many small companies. Insiders sell the newly issued stock as soon as allowable and keep the warrant at no cost. If the deal works they have a free ride. But their selling kills most stocks."

I hope this helps some others to wait for the news that will overcome our current circumstances.

- Panamax