I think the past is irrelevant. Shares are valued on future potential. New management to manage the Mehdiabad asset properly (management with international-arbitration savvy and with Middle Eastern political savvy could get 60 cents a share for this, and 60 cents a share, believe me, is bargain basement for this stock. I respect your decision to sell out at current levels: it is always prudent to lock in profits, expecially when this stock could go to 5 cents when the company is managed by a pair of Iran-dumb directors (Ross and Jordinson). Best of luck.
UCL Price at posting:
31.0¢ Sentiment: None Disclosure: Held