I agree,Also NTA per share (mark-to-market) of $4.59 as of...

I agree,

Also NTA per share (mark-to-market) of $4.59 as of 31-12-08 will now be higher given interest on loans and cash for Jan + Feb, along with IBA increase in share price (although reduced in last week).

Upside in share price if Appeal against AFG is successful

Upside of UBS strategic review outcomes

Plenty of cash coming in from $60 mill IBA loan soon, or alternatively roll over of loan on 20.5% effective interest rate !!!

At $2 this has a long way to run...