Though I don't remember the exact details of the "incentive" stock award granted to Jay a year or so back, I can't help but think that in the back of his mind is an eventual attempt to take SFI private.... If I remember correctly, there's a massive incentive grant that would provide him with more than 10% additional ownership once the stock price exceeds a trading price over a specific increasing price target which I think currently is $10/share... Assuming that award was granted in a specified number of shares, what a great way to be able to buy the company back for an overall cheaper total personal outlay than to have the company buy back existing float when it is much cheaper? The buyback itself theoretically increases the share price, future corporate performanced accelerates the stock price eventually and voila! Once the true and permanent recovery of commercial real estate and SFI takes hold, Jay exercises his "incentive" grant and then, once all the economy's risk is taken out of the equation, he makes his bid for the now lessened total number of shares outstanding that he doesn't already own and guess who gets taken out of the equation and who gets to make the real fortune? Opinions? Could SFI be operated as a private company? Either way, it would be a nice problem for any shareholder who entered SFI in the past few years to be facing.