mythbuster, I understand where you are coming from. Most of us are here for the same reason you are, because we would lose too much if we sold and there is always the possibility that Jim Bickel can pull this company through to a successful ending.
I am trying to point out the positive movements that are being made. Since we are not going sell and go elsewhere, what is the use of cutting down the company we are invested in?
One positive item that we can look at is, as snow pointed out, Redwood's investment company FSIN is trading over $10 currently, from $5 at the end of December 2006. Will it hold? We don't know.
S3 only announced one Redwood client in a PR, but in his tele-conference, Jim Bickel indicated that Redwood currently has two clients under contract.
I tried to call Matt Boles today to ask about the second Redwood client but he was out of the office due to a personal reason.
Best regards, scoob