I know exactly what you mean; I am very patient and i am very bullish, but that doesn't mean I like $1.80 either.
There has been a lot of work going on; I don;t have all the details on what that is, but there have a lot more calls and meetings lately than are usual and Mike has indicated that us "retail" troops" haven't been the bulk of those calls, like we usually are.
I try to get what information I can in my discussions with the company and I am totally convinced that the results of the Europe trip were not negative, they have just been slow in materializing on the market.
As for the Dundee write-up, it is always possible that the write-up itself was all that there is to that coverage - but I doubt it. If they actually believe what they wrote (why put their name behind it if they don't), then one has to figure they are in the midst of doing additional due diligence and may show up in our market once that is completed (assuming it is good). Just my thoughts.
Salut,
Leigh McBain