Ann: Change in substantial holding, page-70

even that is problematic - retail holders are not some benevolent slush fund with which to pay SI nearly a million a year to lead us round in circles in the desert for the metaphoric 40 years.....

shareholders have a right to complain they were shut out of previous raises where the price held above the offer and they were also very right to thumb their nose at an offer that at the time was more costly than the market. hindsight is always 20/20 but given the trajectory and the lack of actual milestones it was a more than reasonable "gee thanks" type situation.

as for GG - I'm not so happy that he is buying as a sign of confidence as I am happy that perhaps for once in a very long time there may be an end to the groupthink over there in Collins St. the fact that he has put "real" money on the table versus SI's "inheritance" from IPO means I am hoping he wont be a passive large holder.