I don't disagree with you. I first bought KCLI years ago when It was about $30 and sold it at higher prices to buy more NWLI. Recently I bought just enough KCLI to take advantage of the 1 for 250 reverse split because it looked like easy money. I still own a lot of NWLI so I know what you are talking about. I still think something will work out there. I don't think the game is over at KCLI yet. If it goes to $30 I will probably buy it again. If management is willing to buy us out at $30, I believe they think it is worth much more and I believe they may do something about it in time. I think six months or a year from now would be a more appropriate time to do "something".
Well, I received $52.50 for my shares so I am happy. I just wish other companies would provide me with the opportunity to make "almost free" money.
I also expect that Management may make an offer to go completely private later or to sell the whole company.
As you know, the market hates insurance companies and overseas companies think that American insurance companies are cheap.