Scrot,

Agreed. Most of us here have a much lower average so can afford a pullback of price that might be caused by dilution, which is likely. Most of the big stakeholders are also lower: IFFCO I think is averaged uner 1 and is a buyer at .65, Soros is averaged at a low $1. Atticus I think might be the exception, still underwater. I'm certain they would protest a significant dilution and Joe knows too much dilution might cause selling. But I don't think this is the driving force for the price.

Take for example Citigroup. A few months ago it was trading at 1 somthing and dilution caused by government equity stake was the big story...even Goldman publicly advised to avoid Citi like the plague because of dilution. When the gov. announced an even larger stake early this year it caused a huge plummet. However, because of the macro picture (the free money from the Fed for revenue, splitting of bad & good, and general improved econ. climate), its now at 4 something.

All things being equal, if price falls only because of dilution but we come away with a signature from Wengfu, I'll be purchasing some more. I think a stock like this is far more impacted by macro trends. If phosphate prices go back anywhere near the 2008 levels (which is what I think will hapen in the near future & why I bought), it will trump all other micro trends and will be clearly reflected in the price.

I'm a fundamentalist but I also gotta say I still think the chart is technically very promising. Even the Nasdaq S&P and Dow broke past recent highs. Especially now as agriculture & mining is eyeing the dollar. With euro fears at such a peak and pressure on the yuan to rise so close to a tipping point, the dollar to me seems to be entering the next phase of the rollercoaster and this will impact prices.