Fact is it wasn’t a bad deal at the time. instos took their full allocations. Someone decided to tank the sp hoping the rights issue would fail, step 1 completed. I think ivz chasing home grown instos is a direct result of the above strategy of them trying to double dip much cheaper. Id love to see broker data from the Ints to placement to now. We need some big money. The owner of Sable is a billionaire.
IVZ Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
