For me damage has already been done. There are very few here who have lost as much as I have. Question is whether or not there is any hope left in this, at this stage. In 3rd world countries things do not happen in straight line. That is b/c of the absence of matured institutions. Therefore chances for a big to fail and Pinkie to make killing are always there. All depends upon how skillful is the player. Some time a minor incident in our eyes can be a game changing move.
Securing a port for a land locked country, even on a lease of 99 years should earn the guy a respect with ordinary citizen and influence in decision makers.
Now the question is how Mr. Petty utilizes that influence. There is option for him to let FMNJ get bankrupt and then restart some thing new utilizing his new position. But as long as he tries to inject new life into this dead horse I'm with him.
Once revenue, if any, starts coming in, buying back is the easiest solution to bring 2billion shares down to respectable one. That will make all of us happy.
Instead of equity financing, if he would have gone down the path of debt financing, this company would have already been history. However he did that b/c he had no choice.
Pl. don't take my opinion as an investment advice. I have been wrong before and there is no guarantee that I will be right in future. IMHO
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