RE: Don't Confuse Market Price and ValueI agree with your comments. I would add that during this time of uncertainty over the next several years we are going to witness a transfer of economic power from the West to the East.
My problem more specifically is IVN. Just a few years ago it looked like all us shareholders were going to get a huge pay day with some kind of take over until RF open his mouth down in Florida and insulted the Mongolian's. Since then IVN has had to dilute the shares to raise capital and bring in a heavy hitter, RIO. The asset base has grown significantly during this time but so has the dilution factor for long time shareholders. Once GOM were slighted, they stepped back and started having second thoughts about what RF and IVN were really up to. Then the greed factor took over. At one time we were looking at a take out at $50 or $100 a share. Then it became $30 or maybe $40. Now RIO has an option to increase their position under $10 and GOM wants a bigger stake. With the share price just over $3 if a deal did get done with GOM, RIO could step in and offer $15 to take 100% and our brilliant brokerage industry would be telling everyone to take it. Or RIO could just step back and put the entire package on hold until it better fits their benefit. What would the share price do then?