If you are that negative & down on the prospects for the company, just sell out.

I personally believe that this is a positive event.

The land holdings that Legend has are known to have diamonds, gold, uranium and other metals. Legend intends on staying focused on the phosphate business, which is excatly what we want and need them to do. However, they do not want to neglect the other resources that have been identified.

It is prudent that they establish a new company with separate managers of its day to day operations, so that both companies can be developed simultaneously.

In the long run this may very well become a valuable asset for all of us!