Not complaining, but also highlighting buybacks aren't a solution to perennial discounts and liquidity woes.
They are a short term proposition, because the manager knows the buy side doesn't exist. It's the reason Wilson and the like don't implement buybacks, or think they are a good solution to the problems.
In saying that, it's obvious there is a dichotomy between those who have held since the float and are still under and those that are now enjoying the recent lift in share price.
At the very least just get rid of the name, so prospective buyers don't see the VGI name associated.
VG1 Price at posting:
$1.89 Sentiment: None Disclosure: Held
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