thanks Lost. It is very difficult to put all the pieces together...

thanks Lost.

It is very difficult to put all the pieces together when attempting to evaluate the return. The sale of businesses and redeployment of cash in addition to the additional shares being issued makes it difficult to determine how well the return on investment has tracked. There appears to have been a lot of turnover for a passive investor over the last few years. The company realised a lot of cash from selling IML and RARE infrastructure (from the announcements these alone brought in over $200 million). When I looked at the investment of this cash and the issue of new equity I could not see that enough return has been generated to date. There are many things to consider.