Good post, jsq

It reminded me of something that was posted earlier by someone who had called RN a few weeks ago and was asked a couple of times if he was long:

I had called at 9:00am and asked for Richard but John answered and Richard was not in yet.John and I joked about me being a long timeshareholder and he said I hope you're 'long' and I said I was and then he said I hope your not in for the short term and I said no I'm in for the long haul. (source)

I think we have all missed the significance of that statement. We assumed this meant that news was coming soon, and it would be best to be holding long positions vs short positions.

I think it is clear he was warning that it might take some time for SP movement. Your comment on diluting at $5 now or $10 later makes a ton of sense. I believe they are holding back information from the press, which is good for the shareholders, and those with expiring options are going to be kicking themselves very shortly. Time to buy more IMHO.

I will not be surprised if there are no NR until after 10 Apr expiry transpires, unless maybe it is a PP anouncement for $12 warrants. I am predicting good news on 11 Apr, which just happens to be my birthday. How sweet would that be?