"I'm sure he had his very good reasons which he couldn't let us be privy to (security laws - whatever). I felt I must trust him as he knew much more then I or anyone posting on this board knew."
And therein lies the whole conundrum in which Neil finds himself today. Let's look at it from his point of view;
He knows he is heading into a serious negotiation from which he may find SPQ bought out from under him. He knows he has to have some bargaining power to take to the table for these negotiations. Many have insisted on knowing what his plans are before they will give him this bargaining power, yet he knows that if he bares his soul to the masses to get their backing, he then has exposed his hand, and thus has no bargaining power left. He opts to keep the cards hidden and asks for trust from his followers, in order that he can negotiate with a bit of power. Following the AGM, he is denied the use of what options were available to him and then had to sit down at the table and just hope the others would be kind to him.
I suspect we are about to find out tomorrow, or shortly after, what transpired at that table, but you can bet your boots it isn't an offer of 3.50/share. In fact I would be surprised to get an offer of 30 cents at this time. How many of us are going to hold Neil responsible for whatever figure carries the day? How many of us will accept the resposibility for not giving him the trust he required to do the job properly?
Looking forward to tomorrow
Best regards
K