Quote:
It seems to me that your arguments to date would say yes, that this 49% has no intrinsic worth - no dividends, no meaningful voting rights.

Correct. I contend that that is worthless.

I can see where it's vaguely possible that the company got bought out and paid cash for the stock and you would end up getting 49% of the cash, but I think that hoping that your business gets bought out for cash is a lousy business model, personally.
_________________________
Bitt Faulk