Time to say goodbyeFolks,
I have enjoyed immensely sharing the information with many knowledgeable posters on this board. ICG was a good company and I had great expectation for a much better offer from other companies, but this did not work. Yes, I made some decent gains, but not as much as I wanted with this (ICG) company which had great potential. New toys, as a reward? Perhaps, not a McLaren 720, but a trade of a vintage Miata for a 2018 model with a retractable hard-top would save some cash for the next venture.
Pretty soon most of us will be (proud or not) owners of ELD and some cash to put in the dry powder pile for the next pick. There is still about 1/2 year left to do some tax planning to offset the capital gains on the cash portion, since tax will have to be paid. But, there are more flexibilities for the ELD shares, since you don't need to deal with them, unless they are sold. Advices from your tax planners would come in handy here.
One great lesson learned from this saga was the trust shareholders (including myself) were prepared to put in senior management of a company. Nobody would expect the two leaders would be willing to support this low-ball deal without a "back-out" clause for the protection of shareholders. Their deed (the clever arrangement) will be remembered for many years to come.
So, with nothing else to discuss, we just have wait for the conversion, in cash and ELD shares, to be distributed. For me while waiting, I will take some time off to get away from it all (canoeing, and living off the lands, e.g. fishing... and having fish for breakfast, lunch and dinner, lol).
It has been good, but it's time for me to say goodbye for now. We'll cross path again, hopefully.
Good luck everyone.
GH