bxp and onq

The buyer of 72k at 44/45 has now seen $5k wiped off his portfolio.

The ONQ and BXP story is great, just crappy communications by this mob of Directors.
ONQ owns 397m shares in BXP.

ONQ shares on issue 147m

This gives value of just the BXP shares 57 cents for each ONQ share.

The directors have been talking about an inspecies distribution for over two years now.

I think the directors have all interests in their own positions and little regard for the patient shareholders.

This is a dead dog as an investment.