Well..

[petrengr1]

Again, my comments are not about what the company is worth but what the company can be bought for. If someone offered $150/share today with the share price at $90/share, I believe more than 50% of the shareholders would accept, especially if it includes Chandler. He is not buying more shares at $90/share in order to make a profit but to have a better chance of being on the winning side when it comes to a vote. Just my opinion.

I find it difficult to understand why anyone would want to purchase a stock, at any price, if not to make a profit.  If he doesn't wish to make a profit with his money, why not just donate it?  I'll be happy to partake of his generosity.

Kerekesc-You are right of course. My statement was poorly worded. Maybe I should have said he was not interested in “short term” profit. I am trying to think like a billionaire but I don’t have any experience in that regard. Let’s say he is willing to pay $150/share so he thinks he is getting a bargain at $90/share. Let’s say he knows the Company is worth $400/share but he thinks he can buy it for $150/share. If these statements are true, then I think he will keep buying up to 20% and probably beyond. At what price do you think the IOC board of directors will have a fiduciary responsibility to accept a buy out offer as “friendly”?