RE:and so we waitDawg,
I put no credence in your explanation #2. IMO, as soon as the right deal shows up, Roger would grab it, take his many $millions and retire to hockey coaching haven. He has other interests besides TLT. i e ... Not too long ago he coached multiple hockey teams. Besides, he is well into retirement age.
To me, his # 1 problem is being on the Venture. Few heavy investors will venture here. In fact most financial vehicles are precluded from investing here by their prospectus. Weather we like it or not, the Venture has a well earned poor reputation. Roger has stated he would love to jump to a more senior exchange, but would have to meet their requirements first, not to mention others are far more expensive and would require more cash, something that currently unfortunately, is in short supply.