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You are thinking way too negative UB.

Yes Altamount have got a great deal here. Yes Altamount have got control of the business at a cheaper price than they would have had to pay in a hostile takeover.

But at the end of the day Billabong is still alive and the business will carry on.

Much better than receivership in my opinion.

Gordon still not selling his 15% stake, granted he will be diluted away but he still cares about saving the company.

This is still a high risk stock but a lot of money has been made in the last couple of weeks, by hedge funds and share traders.

Carpe Diem!