Gee, thanks for being open minded...although, not sure why you responded considering I am on "ignore." I have reiterated different points out here.. First, my concern about there being no business model or strategy...not quite sure what this company is...into what sector would you say it falls?. The only reason entities are buying into it is due to the cash position/financials. Then I set a bottom on the share price, based on my risk tolerance, at which I will exit. I also stated that I hope the share price rises, and if it does after I exit, so be it. I hope the share price goes to 100. Not sure why my perspective would classify me as an idiot, but I will never get an answer from you since I am on ignore.
All they need now is a 2 million share dutch auction with a 26-29 range and suck out all the remaining weak hands. Then the stock will sit at $30 because the cash balance will rise to above $31. What is this management waiting for? It would also give Steel over 50% ownership and complete control. Thats the smart move if I was steel.