RE:Congrats to allKensho, we all learn to a different degree from mistakes. What u r saying now seems to be driven by the hurt pride more than anything else. Not sure what happened to you in the past and what scars you got. The strategy I'm talking about (and wish to have trusted it more) has very little to do with gambling. KeithR39 time after time referred you and other sarcastic doubters to the Circular with specific page ## and quotes that clearly showed what would happen to remaining minority shares. Even with the remaining 6%, that's close to $50M in value - how could anybody expropriate that kind of money in any lawful way ?? Delisting stock is not an option as there're curtain rules (see Keith's earlier posting for specifics) that make it not an easy endeavour under the circumstances. And even if conditions for delisting were met, nobody can just simply deprive you of something that belongs to you as long as it has market value.
Thus, the only potential risk would have been if market conditions for the company or for the entire oil sector or both deteriorated substantially to affect Ithaca prospects.
The new owner has understood it all the way through as they are not idiots to just give up $$ including their last move in forcing compulsory acquisition.