I have been a long term holder of TEK but my faith is being severely tested. I too feel like it may be time to wind up the fund due to the poor performance and the large discrepancy in the share price to the NTA backing. Owning 2 other funds that are also actively buying back shares to narrow the gap between the share price and the NTA, all are finding its not working. I wonder if this is a viable solution. I realize small caps and technology have been out of favor and we are encouraged to hang on but maybe it is time to have mercy on the shareholders.
TEK Price at posting:
13.0¢ Sentiment: None Disclosure: Held
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