Sorry Joe Wolf I should have explained myself better
1. With URB you are quite right that there was a base management fee plus commissions. This is the “double layering” of fees that I was referring to that was certainly an issue. I remember discovering that for the first time on this forum and kicking myself for not picking it up in my reading. So I’m not trying to claim it was a roaring success just provide my different opinion for discussion as I think it’s relevant to the future of SOL 2. The discount I referred to is the gap between the inferred net asset value of BKW and its current share price. I made up a bit of a model breaking this down and posted it in the forum for that stock if you want to take a look but a little over $20 of that asset value is in the SOL shareholding so it could reduce pretty quickly if SOL is indeed a bit overvalued as you point out (I tend to agree on that one and think fair value is between $29 and $30)
SOL Price at posting:
$32.88 Sentiment: Hold Disclosure: Held
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