Ann: JB Financial proposed acquisition of American Express assets, page-8

It means the "smoke and mirrors" are actually real companies, with real earnings, real profit, and real likelihood of an IPO. Which means our % ownership will be bought out above the NTA valuation. Once it is sold out (or sizable deposit received) expect the share price to spike maybe even ahead of the NTA price because he will be easily able to fund the 2 x 20c dividends. Then he'll offer HML shareholders priority in the new IPOs and the share price will spike again. At which time myself, PeteWisdom and one other will get on our camels and bring him gifts at Christmas