do they really have a chance, page-7

The board may not listen to 50 cents,

but a few shareholders would, and i wouldn't be surprised
at a hostile takeover attempt as a feeler.

think about bpt looking for a reported 500 million for a 30% farmin.

earning 30% of beach is 30% of 80% of the 218/855 play, or 24%.

Icon has 20% of the shale play and is market cap of 80 mill. Well, if you are a company that is seriously considering a jv with bpt somewhere in the 500 mill to earn 24%, then icon is a lot cheaper way to get 20% and automatically partner with bpt. It just doesn't make sense to me to partner with bpt for the numbers being knocked around.

Either bpt's shale valuation is over valued, or icon's is undervalued, not both.