I agree that poor management coupled with an underperforming...

I agree that poor management coupled with an underperforming business makes for an attractive takeover proposition. However GTY's PE is only slightly less than INAs so in simple terms the fundamentals of both businesses are quite similar. I think most long term holders of INA have been frustrated by a sluggish share over the last 2 or 3 years and even now after the 6 to 1 consolidation some time back we are still not much over the trading range of 40 to 45 cents when that was instigated. I still think INA will be on a predator's radar simply because it gives easy access to a forign interest who wants to enter this segment of the market. The difficulty will lie with what sort of premium they will need to pay to motivate large shareholders to surrender their stock. That's why I think a ball park figure of around $4.00 may be required. Of course you could argue it was very opportune timing with this latest update to give the SP a much needed boost and then hopefully discourage any predatorial activity. Time will tell.