watch mrer, page-3

Dear Victorp

No surprises here - the rights are down almost 90% since last week.

I explained in my earlier posts how the rights value dropped to super low levels last time before having some recovery at the end.

The real issue is do you think MRE is a good bet or not.

If you do, then buy the share or the rights at these levels.

Certainly an opportunity for an insto to take a respectable position at these prices.

As you will recall the stock peaked 18 fold higher last time around before getting crunched by the financial crisis and the resulting shorts.

But I don't see a Matlin Pattison here.

Cheers Eos