ECL 0.96% $3.15 excelsior capital ltd

I'm a bit tired so please correct me if my maths are...

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  1. 2,352 Posts.
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    I'm a bit tired so please correct me if my maths are wrong.

    About $120 mill assets of company sitting there doing bugger all this year. So she has maybe circa $60 mill of that. S&P500 boring ETF up 20% YTD if stuck it in that gain of $12 mill for the largest shareholder? So current cunning "strategy" kissed away a lazy $12 mill by trying to out smart everyone? And the year still has 3 months left, well played.
 
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