Well said...I agree with you. I think the timing and planning that has taken place thus far has been very strategically planned. If there hasn't been any behind the scenes negotiations about a sale, I would expect it to come soon. After the BP hearing, and with rougly 2 1/2 months until reorginaztion plan is due, It's a great strategy...After Resolving a couple of the major creditor claims next omnibus hearing, hopefully have an asset sale, post a 3Q profit if the trend continues like June and July--which I think it will--sets Rogerson, the company and ultimately all of us in a great position to present the reorg plan in November with cash on hand and several months of Net Income (if all goes well). Not to beat a dead horse, but I'm definitely happy with this investment! If things continue to improve, these volitile shifts in share price will stabilize as PPS increases and confidence grows (IMO)...
Enjoy the ride, even on days like today when the portfolio balance takes a hit...Like any stock, there will be more days like today, so I'm not worried and see no reason to panic; Post BK pps trend has been increasing very nicely overall, and will continue to do so, in my opinion, especially as the MORs improve and the news and court hearings remain favorable. A lot of shares in strong hands...Many millions of shares are now held in the .50-.75 range. And many like myself, who are already way ahead have no intention on selling any time soon--especially in this price range--the reward potential is far greater than the risk. Just a few thoughts...Cheers.
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