Part TwoGrandich would have personally benefitted much more if he was more like the person Petroff would want you to believe and stayed on board despite a series of reasons I believe most would be damn unhappy with SGC management if they knew the full account from his perspective. He certainly would know more and with close to 2 million in stock, I think many of us would say take care of myself and to heck with others. That's why when it was said he resigned because the company wouldn't do what he wanted, how foolish that was for anyone who has had to deal with this group for any real length of time. I will say this, he's 110% correct about the ineptness of Davis and not to be uttered again by Grandich or I, if you heard or read some things we have, I bet almost everyone would come away with our view. Ok Doube, lets get to the letter. Grandich speaks about how M & A talk from Hopley and Davis became both numerous and not just in passing. Yes, they put in standard disclaimers but go back and listen to actual comments made publicly or talk to those of us who spoke to Davis fairly regularly and we believe it was not just a passing remark or two. Grandich is caught because of much of what he heard and learned was while he was a consultant to the company but lets just say he's no dummy and I think he would have a way or two to defend himself if it came to that. But like he and I said, lets get pass that. Lets just say the company concluded that the party or parties that were talking to them never made what would be call an official bid but maybe attached conditions. I believe PG felt the company deserved to let it shareholders know by maybe saying it has received interest that certain conditions have been concluded does not warrant official action but if and when it does, the company shall do what's in the best interest of shareholders. I think that article that ran about a Chinese company bailing had some validity. Ok, lets get pass that period when management was actively promoting the M & A possibilities and say there were no evil intentions and all was done nice and proper. We still must conclude that going from including it in every public and IR discussion to completely off the radar, at the very least strongly suggests and M & A activity that may have been is certainly not remotely close to what it was say 6 months ago. Okay, lets give it the benefit of the doubt and also take into account the market itself has gone bad. If you are going to post numerous times a day hailing the merits of owning here, don't you think the management of SGC knows far better than you? And if the share price is just a few pennies from its all time low yet as you say corporate wise things have never been better, wouldn't you in their position consider it found money and take even a small portion of your worth earning 1% and put it into something that easily should end up worth a 100% more? Come on Doube, if you're right about all or even some of things you allude to, it's a no-brainer for management to buy shares with at least one fist if not both. But they never ever do. And here's where those of us who have put large sums of monies get truly troubled. Like PG says, this company pays themselves very well. I think you would find Hopley and Davis among the top earners in their positions in companies at similar stages of development. By not having any real significant shares versus what they earn each year in total compensation, if you were them and knowing how bad the industry is, would you be highly motivated to get a deal done? I doubt either would find work paying half what they make now if any work at all. Finally Doube, when you have a series of bad tastes in your mouth like so many of us do after owning shares for quite a long period, you would agree with PG when he says this is the gang that doesn't shoot straight. Whether its simple bad judgment, or something much worse, the time has come for us to either get a new manager or merge our team with another team that together, makes those shares worth much more over time than SGC can ever do on their own. Their history in my book and many others doesn't deserve any more chances. And yes, NSU paper is the best but to tell you the truth, any paper from just about any producer is better than hoping these guys finally get it right. Okay Doube, I'm going back to lurk mode and I hope you grasp what I said and accept my olive branch back to you.