orbis dec 2008 report, page-6

swap,
you'd be the one to give us a figure of how much they are in the red
but i will put up a lazy estimate

so there are 2,286,399,424 shares on issue
5.14% of that is 117M bought before 6/3 where the price was around 35c
so to be very generous we will say they got them at 35c
so they are down 40M - 11M say $30M
the other 9.9% is 228m = lets say they got them at 20c
they are now down 45M - 22.8 = $22.8M

so all up at a rough guess id say that they would be down at least $50M

which is a shocker...
because they were buying as the banks were dumping
i can be excused, to some extent, for doing something so stupid because of inexperience
but shouldn't have the likes of orbis known better?
these guys are supposed to be educated professional investors
$50M+ of clients funds down the gurgler

i'd be stoked to be up $500 in the next week, but doubt that will happen
cer seems like the better bet but confidence was super low before the TH.