Have been watching the debate about value (real vs perceived) &...

Have been watching the debate about value (real vs perceived) & selling out vs reshaping and building, with alot of interest.

My views are below:

Sponsorship - Big or small amount is irrelevant, IMO whatever money was spent would have been better allocated to a Media/PR consultant to help them get their message out (prior to this process beginning). What value is it adding to the company?

For the board/management to agree to a full sale (to one party or in bits to multiple parties) the price will need to be 35c+.

Hold vs sell - would be happy to see it put on 20c a year for the next 3-5 years and don't think this is unreasonable given the underlying assets and cashflow. Likelyhood of this happening is quite small while management continues doing what they have. Think asking for offers is the best option, let's see what other people think its worth and then figure it out from there. If they want to sell out for a value less than what I think its worth - I'll be grateful, because heaven help the place if it continues along the path its been on.