interesting valuation, page-42

Thanks Pitman,

I think Tim naturally wants to get as much as he can for the carrots he offers. Pure speculation; if that means playing two bidders up against each other, well that is part of the game. But considering how many shares he holds in FSE, do you really think he would be silly enough to undermine his own holdings?

IDC (govt) have chosen to run with FSE so where would another purchaser expect to find support? IMO they would feel as optimistic as a Burger King store might if it tried to sell burgers to MacDonalds. Govt & friends write the rules and are unlikely to help those who conflict with their interests.

I know bad habits & greed can cloud common sense, but to me, that would seem a little too ludicrous for TT to do.

Regards CT