Points - i.e. stating the obvious1. Price of oil - the underlying production surplus is all but gone but the stocks of both crude and gasoline are large, the gasoline surplus in particular is presently holding up the crude inventory, within a month the crude inventory should be falling steadily on an accellerating basis, until then the price of oil will stay down which clearly is not helping Ithaca's share price.
2. Our future gains are not dependent upon Delek. A Delek bid should give us a quick 30% bid premium as we approach $3. Without a bid, over time, if things go to plan, Ithaca's share price should reach $10 as the price of oil climbs - I would be pleased if Delek backed out, although I suspect that they will not.
3. A lot of shorter term retail investors have now appeared on all Ithaca boards, they will buy as the platform moves out, sell when it goes back in ...... yawn. Let them get on with it.
4. Volatility right now is what we should expect, Ithaca has often approached or even exceeded 10% in its daily price moves, this is not unusual.
Doug