Ann: Acquisition of Yurkowksi Lake and Engler Lake Projects, page-26

I understand your logic, but why did you invest at IPO if you don't trust management? Looking at their experience with other companies is one of the exact reasons I did invest, that and of course the market cap compared to the net assets.

Honestly, worst case they get bought out which either means we all make good value on the sale, or even if we don't, it gets acquired by people who know what they're doing which is still a long term win for us.

I just don't think there's a lot of good from constant "bad management" posts. you make a great point about cashflow but I'm not exactly worried with the industry we're in.