I agree. I think there is a still meat on this bone (see diversified's posts). My thoughts on the 20 to 1 (after some thought), there just aren't enough shares to go around after dilution. He's diluting the dividend so he doesn't have to dilute APR shares. That's all the positive I have from this...but it's enough for me to not make the mistake of screwing myself over (any more so than buying shares in the first place, if it ends up no bid at some point) $PHIL