Management 20%, plus CLF 9% = 29% (assuming CLF remains friendly with mangement, unless CLF decide to pull a coup itself). So, it should not be difficult to get another 5% (=2.75M shares) to block any hostile TO.

This 5% could come from retail or friendly institutional. Perhaps, we should start adding our holdings to see how many shares posters/readers on this board have? It would only take 2.75M/0.1M = 27.5 persons with 100k shares each on the average to get this 5%OS. My math is OK so far?

goldhunter