Good post over at the SH site bu aatozz.

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ISM&t=LIST&m=27831944&l=0&pd=2&r=0

Facts from Audited Financial Statements Dec 2009:

- No Long Term Debt
- $50 Million Assets, 50% Cash (or equiv), 50% Properties (Booked At Cost)
- $1.5 Million Income From Investment Holdings Per Year
----- Invested In Canadian 6 Banks & Saw Nice Recovery from downturn
----- Canadian Banks now considered most stable in G8
- Capital Preservation Strategy
----- Pay for services with stock where possible, makes all parties assume risk of venture
----- Purchase additional potential holdings with stock where possible
----- Isolate company from risk by spinning off potential ventures like NZZ/Jasper
---------- ISM benefits via stock on upside, but limited direct liability to ISM
----- Burn rate such that company has at least 3+ years where capital funding is not an issue
----- Stock equates to "book value" of 62 cents/share
- CEO holds in excess of 3 Million Shares -- he is in the game!
- Strong technicals on several of the holdings to indicate "real" potential.
----- Management appear to be using a logical, methodical approach in all areas of the business.
- Latest results show "potential" but lack visibility on economic viability of findings and future direction.

I understand that everyone is disappointed with the latest results, and the stock price reflects that. However, at this moment in time, is where each investor can size up the pro's and con's of the investment and decide whether they are "in" or "out". This is where wealth is made and wealth is lost! Each investor has to assess the downside potential versus the upside potential as one can evaluate risk in the information provided by ISM management and all other outside sources. And, again, lets dump the personal attacks and the hollow statements. Let us focus on the facts and meaningful investing.