I can't believe that I first purchased FNC at ~ $1.70 in July 2008, and today the SP hit an intra-day low of $0.17. Admittedly I was a bottom-feeder as I had a bid in for 10,000 shares at $0.18 (5,500 was filled).

How could one go wrong at 18cents? ...Although I had the same sentiment (albeit perversely stronger) when the SP was $0.40. At this point FNC could theoretically be had at the measly price of $18 million. Why hasn't a predator swooped in and scooped us up , given that they would essentially be acquiring ~18% of Champion's arguabley 3 Billion Tonnnes of iron ore ?

Dazed and confused,

Luker