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Re: Ecuador post# 24953

Friday, 12/07/2012 1:41:40 PM

Friday, December 07, 2012 1:41:40 PM

Post# of 163718

Ecuador.

I completely agree. That's why I said marginal issuance should be toned down.

I do not buy that Solomon does not know what you are saying. He has made commitments to growth that have come due. Fair enough. But I fully think that 2013 issuance eliminated, if other alternatives are available, or limited by curtailing some capital development if the alternatives are not available.

He should have had some ability to moderate growth in a year or two time frame, if market conditions turned dilutive, which they have for over a year now.

There's nothing magic to me about the $500M NTA number. I'd much prefer a $400M NTA company with 100M shares outstanding.

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