time for me to kiss board's shoes, page-11

And no, and more to the point, I don't think it is a good deal to be diluted out of Mehdiabad in exchange for 25 cents a share. We are in the end game now in Iran, IMO.

Hyperinflation in Iran is a risk now. The use of interest rates to defend the rial has already caused many businesses with debt to fail/become unprofitable. If key workers go on strike (the power company employees and the oil refinery workers e.g. to cope with the inflation), Teheran residents could soon be forced into going without hot water to wash with in winter (paraffin boilers to heat the water were common when I was there in 1978/79, and when the oil workers are on strike there is no paraffin). On economic grounds alone the regime looks vulnerable. Throw in the nuclear issue and the nuisance aspect of the leadership challenging the world order and it is hard to see the regime surviving beyond June 2013: too many people want it gone? Not a good time to be selling out for cash at 25 cents?