I think we are getting ahead of ourselves, although the events of the last couple of weeks do make this investment exciting. I haven't sold any of my holdings, and do intend to hold till the end, and if a buyout is imminent, plan to listen to the management and board for their recommendation.

However, when waiting for a spin off of the other properties is concerned after receiving an offer, I believe its a mistake to wait that long. If what we believe is in Tesoro is proved up, we should be spinning out the other properties into a new company to existing SLI shareholders before any offer comes in. That way the purchaser would be buying only Tesoro, and we could avoid the negotions and wrangling regarding the rest of the properties. JMO.

Ismore