Without getting technical we are talking about 40m dollars here....which in the scheme of a half billion dollar market cap and NPV of $2.5b is just a drop in the ocean - this fall in the price is exactly as expected. Credit Suisse would have locked in their 9% gain by taking the placement and then putting on a short immediately to lock in the profit. easy money and not exactly a new strategy....
NCZ Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
