With all due respect Sculpin, while I don't necessarily disagree with any of your reasoning. I would only like to suggest that there are also reasons for buyers to be very wary of putting more savings into SLI.

1. The company is still being run by an incompetent, self serving individual who has a stranglehold on the control of SLI and has shown no interest in the company shareholders and in fact has used this company almost solely as a way to prop up their own standard of living. Considering this...even if the company successfully fills a PP for for 500K or something of the like....under current management...I'd be very wary that we will see only much of the same until the cofers run dry again...in essence it would likely only allow the pigs to feed at the trough a little longer.

2. This is a company who has a penchant for losing/divesting themselves of properties...while this company today has properties with very positive potential...that may not be the case 6 months from now and there is very little outside of potential litigation(if someone has the stomach for it...not to mention the finances) stopping SLI from liquidating its properties once they hit a critical financial situation.

the unfortunate reality for the reatail investor is that they don't know what they don't know...which is far more than the insiders operating in a vacuum and the institutional investors who make money off of information...this is why conservatism may be wise at this time.

I only bring this up because it is my opinion that incompetence and hubrus can destroy any shareholder interest regardless of the true value of the company...and we have a gold medalist in our President if those were olympic events.

Everyone can do as they feel is right and as they have always done...base investment on thier own sound DD and thier belief in the prospects of SLI.

S.

Full disclosure: In the interest of context for my opinion above....I am undecided at this time whether I will add to, or liquidate any or all my holdings at this time. I intend to stand pat for the time being.