I think by now, everyone should be painfully aware that PQ and his family/cronies know EXACTLY what they are doing. In the last two years alone, they have increased the number of shares in both SFMI and GHDC by over 100% in SFMI's case and almost the same in the case of GHDC. In both cases, the vast majority of the share's found a home with PQ and his family/cronies, mainly to the detriment of the public shareholder's. A few more years of this and the equity portion owned by the public shareholder's will be a mere pittance of what it was originally. Their bloated compensation scheme's work hand in hand to lower the share price and allows them to vastly increase their own stock holdings thru the stock for compensation plan. It seems that PQ does just enough work at the mine/mill to create plausible deniability for himself and the Board and keeps the carrot out for the public shareholder's. It looks like this will be the method of operation for the foreseeable future until they have the ownership percentage they want. Unfortunately for those of us with large positions, this only works in their favor as any large selling drives the stock down even further and allows them to pick up an even larger percentages of the company thru the stock for compensation plan. It is what it is.

Semper Fi,

Bluesideup