I’m enjoying all the happy talk as much as anyone else.. but a few words of caution may be in order. We should all have a mental reservation somewhere that, despite all the logic to the contrary, we should recall Frank’s constant reminder that “no assurances that the DA will be signed can be given until it is actually signed”.

A healthy approach to risk investment requires this mental reservation, so that failure does not result in extreme depression and anger (unhealthy emotions). For the seasoned investor, I am preaching to the choir, but some of our investors may not be that seasoned. Even at this late date, if you cannot tolerate a risk of failure you should bail for your own good.

The market price is a good indicator of the current risk. We have a company with very low book value at a market value of about $25M, indicating a fairly high confidence of success. But it’s nowhere near 100% confidence, given the book value that should occur after signing.

Mental toughness is the order of the day.