Ann: Net Tangible Asset Backing, page-2

I don’t mind admitting that I am just plain confused about exactly what JB is trying to achieve.
We see time after time his monthly reports coming out with........ well nothing !
No real explanation about the portfolio except that it almost always has a negative month. It’s interesting that when he bought back 20% of SH funds, the amount realised per share was $1.10. Now, even though his strategies are supposed to protect assets and make money, I see the NAV after costs is down to $1.05. Ive given up bagging him, because it does nothing and achieves even less, and has no effect on JBs wooden headed thinking about the management of the fund.
Can anyone explain it to me please about what he is supposed to be achieving, and if their perception is the same as mine ?
To put it simply, I just can’t see where he thinks he’s supposed to be going ! Nowhere at the moment..... again ! (Or still !)