You guys might be right, but obviously the major shareholder was never interested in 30c, and has held out for better which looks to have come along.
Around 38c looks like a good risk/reward play given the news IMHO.
By the way, your going to look a little silly when you come out and say that your buying more under 50c, but then you say your selling out under 40c. Each to their own I suppose.
