The market seems to be asleep on this one but may have started...

The market seems to be asleep on this one but may have started to wake up a few days ago. This was about exactly when Wilson sent an email to their mailing list about the priority offer this week. The next three days saw the biggest three day volume for about four months.

I don't know how those in the buyer's depth of WAM currently can justify their attempt to get stock there versus buying CYA instead.

Hopefully the relative gaps to NTA close more by way of CYA trading at a premium, rather than WAM's hefty premium being cut.