I actually consider the recent shareholder letters as both credible and informative updates. I honestly see none of the "red flags" with RH that were readily apparent with JB. I'm not a subscriber to the "guilt by association" mentality. RH has asked for a short time interval to complete a sale which is a reasonable request to me. From what I can see, the company is not PP'ing more shares nor drastically altering the float. Heddle is not liquidating his shares. I feel there is some prospect for success in this setting. Having said this, I realize that many of your prior concerns re: JB were clearly valid. I simply feel the playing field has changed considerably since then. Time to discuss more relevant and current issues.
