timber, page-12

Think about that employee options swindle a few weeks back

At $1.50 they were useless hence they were re-issued at 50 cents in order to retain staff for the wind up

This, along with the bank deadline in 35 days, and the fact GS have had this now for 10 months to sell are the 3 key points in the next month.

Its obvious the incompetent board hung on for as long as they could re the IRR on the off chance that flows would improve

Todays result is the best they can do. With a different valuation expert mind you which explains all the delays - they didnt like what Cobb had to say

Conclusion 1 - its a toss of a coin from now on.

Conclusion 2 - the board blew their opportunity when pre GFC this stock was at $1.50 fresh from a great IRR back in 2007