fyi article, page-28

I guess one thing to keep in mind.

ADE was liked by their shareholders, they had a large blocking shareholder that was pro-ADE. ADE got rolled by these happy shareholders.

So, now we discuss the implications with Icn and people seem to think that a large shareholder base that is dissenfranchised with its board would not roll over similar to ADE?

So realistically, as i pointed out previously, at the same land metrics as ADE, forgetting everything else, cause thats all they were bought for is 218/855,

same as will be icon. If beach went public tomorrow at 27 cents/share,

do people think they would have no chance? or would they mop up icon in a similar time frame?

Based purely on recent takeover events of late, and the market outlook, i have to believe it would be over pretty quickly.

The only saving grace may be that beach will take a breather and prove up some more acreage before consolidating the final 40%,