"that maybe NOT and the rest of the ROF companies are just too speculative to be worth what so many want them to be worth? We've had bidding wars and offers and what not, but no one seems to be happy with the final price, irrespective of how it gets there, and that those prices just might be in line with what NOT is trading for."

You certainly render a valid perspective and I think appropriate depending on what one's point of view is. From the opposite side I would say that it is a matter of opinion, to an extent, on what one should get for a company depending on which side you're are, whether you are the buyer or the seller. An obvious bias becomes evident. Bearing all of this in mind it is worthy to note that the rich and powerful always seem to get what they want and maintain their wealth because they have the tools to get what they want however the the shareholder feels about it. NOT may have been speculative in it's early days and of course to an extent still is, but there is no question it is demonstrating the potential to be of mamoth proportions and likewise wealth and i don't think too many in the industry doubt it regardless of what they may say, "swampland" etc. It is not that NOT is worth somewhere around it's present sp, it is that we are in unfortunate financial times and many companies are being taken for much less than they will be worth when things smooth out. It is not that the companies are thinking "GEE times are tough and we can't afford much", it is that they are thinking "when things get better we will have made an obscene killing from these cheap deals". I"m of the opinion that much of what humans do is simply arbitrary. Most of what people experience is in the mind and therefore they are easily cowed into responding they way others decide. When the ill winds pass there will be those who made easy wealth at great expense to others. If NOT were to be sold for $2 and the developer finally turns it into a stock that would have been worth $50 or $60/SH given the riches they will likely find, would you consider yourself fairly treated. Well, I guess that would be a matter of opinion. As it's ever been.