RE:now that post really did need editing.You seem to know a lot about the history of this company. I have one question if you would. If the company is 'worth that much more than it trades for, why has someone not noticed and bought up the float and put pressure on the company to reveal the true value of the company?
It would seem to me this would be a hedge funds dream if the stock was worth double what it trades for. Especially in this day and age when fund managers are challenging the status quo of many companies.
eg I bought shares in inn.un and although the dividend had been great they have under performed for years. A fund that owns about 10% of the company recently exposed the principals of the company as a self serving group at the expense of the shareholders. They have laid out in black and white how the principals have been self serving at the expense of the corporation and share holders. The pps has since popped and we can all see how the principals have controlled the company to put $$ in their pockets at the expense of shareholders! Up until then I didn't know how much the principals where making at the expense of the shareholder. I believe that regardless of thei outcome of their attempt to remove the BOD the gig is up and the principals will have little choice other then to realign the interests of the company with the shareholders.
After reading the material the fund has posted on a special web site, it makes my blood boil to learn how the current BOD has lined their pockets at the expense of the common shareholder. Yet they aren't doing anything illegal, just unethical in my opinion.