Legend International Holdings, Inc

I can't disagree, catstevens. I actually made some money on LGDI back in 2009, took a profit, but then made the mistake of getting back in during 2010 and then I doubled down this year at 10 cents. I'm down about 80 percent on my cost basis of 37 cents, so if my investment goes to zero it won't make much of a difference. But if the Paradise IPO goes through and the company starts being managed better (okay, that may be unrealistic) then there could be significant upside.

There is probably some upside in NAD as well, despite Gutnick's control of that company. At today's price of AUD 0.20, LGDI's stake in NAD is worth $12mm vs. LGDI's total market cap of $20mm (based on a share price of 0.08). LGDI also owns 31% of Northern Capital Resources, which probably has some upside as well, albeit from a very low current value. Hey they may find some gold in Canada, you never know.

If we do get a pop in LGDI, say to 20 cents, I will be inclined to sell. The Gutnick factor is just too much of a drag on the company, which is your point. I think the stock is either going to 5 or 20 over the next six months ... we shall see.