The polar bear's guess is that ITIC will never trade for $35.50 or less again (subject to adjustment for splits and stuff). Being a polite bear, though, before seeking a board seat, he is going to wait for pmlljl to have a chance to deploy t-bill proceeds at prices around $36 or $37. Then the bear will be able to campaign for pmlljl's vote(s).
This message sounds like you plan to use the Wall Street tactic known as a "bear hug" to acquire the company or force them to take some other action that you desire. I just hope your intention is not to make them issue dividends in the form of penguins.
pmlljl, Imagine how the share price will soar when ITIC announces a dividend increase for March, 2008: 6 cents PLUS 0.02 fresh penguins per share. (Be sure you have a whole multiple of 50 shares on the record date, by the way.) It should be easy since ITIC has had to purchase Antarctic real estate from policyholders filing claims.