chops, page-25

I have read Chops posts on ASF (where I post as Bushman) and the VRE thread on Hotcopper and find him to be an intelligent and well researched poster. He is not a liar in my experience. That is quite an inappropriate claim. There are many rumours and mistruths out there and I am sure everyone has posted something that turns out not to be from a legitimate source. I can see why some people might find his direct style challenging especially given the heightened emotions surrounding the VRE fiasco but he has consistently questioned management capabilities and disclosure record and this has proved to be an excellent call.

Yes I held VRE and sold in December due to the Carinlya sale. Mgt went from this is a cash cow to 'sell' within a short period of time. There was also undoubtedly heavy selling in December and January which did not support the POG or what mgt were saying. To me that said 'get out'. I say this only in the interest if disclosure, not to 'gloat'. I obviously feel terribly for all those that have taken a hit on VRE and hope that the FH administration will allow a recovery of capital. To me, there is hope given the administrators continue to run the mill. I also cannot see why MCR would not buy out VRE's stake in Carlinya so that should settle the outstanding debt. But it is likely to be a protracted affair.

Good luck to all those caught up in this mess.