FFastfull

I take your point Wholden, but I think we are pretty clear of that problem.
Hamish Raw is a Chicago based trader and saw the opportinity to streamline the derivatives trading system in which he operates.
If he wanted to scupper FFA and start over again then why not sell his holding or at least part of it to someone like Ian or the new management team.
They are all eager buyers!
Or:
If he thought that FFA were heading for the knackers, again why not sell up and walk away with a cool £1/4m?
Above all, I think he will be one to watch for signs, positive or negative.
I have got a feeling that he will wait until it is known whether FFA's products are going to take hold.
The main dampner I can see for the near term is the slump in the City. The Investment Houses are still letting people go and restructuring. The need to spend vast amounts on new systems is just not there at the moment.
So I feel we have a bit of a funny situation here.
The market in FFA's shares is tighter than a sharks bottom at forty fathoms. The MM's are probably out of stock or pretty low. If they push the price up they might be able to pull in the necessary stock but at a price, with their mark up, that won't attract buyers. The price would slip and they would be left out of pocket.
Without some news of further deals, the MM would be insane to move the price up.
The MM will have to be sure that the steam behind any real buying would not fizzle out and leave them exposed. This could only come from new information in the form of income enhancing contracts.
All the same, I am still extremely keen on them even if they haven't caught the eye of the majority, YET!