Took a couple weeks off from the board to get the marraige thing out of the way and just got caught up tonight.
Looks like you guys and gals have had a full couple of weeks, which does not surprise me. when the offer to consolidate FWR came out I said to Val that all hell was gonna break loose, and break loose it did.
I am pleased that George has laid down the law, there has been far too much childish behaviour on the boards and too many emotions have run far too high. Its not surprising though as we all have a significant interest in what happens and I'm sure between us we have more than a few million dollars on the line here. We have to remember that this is investing and that it is investing at the highest risk level, we are here for big gains and we have to be willing to accept the risk associated with that. We can't cry when the share price goes south, if we did, my tear ducts would have run dry months ago. Lets be big boys and girls and accept our losses when they happena dn try not to gloat when we make some decent coin.
I have a lot of fwr and I have a lot of NOT. I honestly believe that consolidation is in the best interest of all share holders, the bigger we are with more resources the stronger we are. The question is, what is a fair exchange? In March of 2008 I paid 5.75 for NOT and 37 fro FWR, if at that time I could get 4 fwr for 1 NOT what do you think I would have done? Its a good deal. Period. BUT!!! a better deal is coming, there is no way NOT made that offer knowing that it was the end deal. I think there will be a counter offer and it will make a LOT of sense, maybe 3.5 to 1 and a spin off of the other assests, that makes sense to me.
This BOD is doing a lot of the right things, they are laying framework that is going to project us to new levels, they have been talking to investment houses for a couple of months now and the level of interest and knowledge has to be expanding at a great rate.
I look forward to the next couple of weeks and the turn of events to come.
Take care all.
Storm