General Comments, page-6807

In the continuing saga of whether Apsec has a clue, it should be noted at the time of their initial sub-holder notice they had an average net buy of $0.186061 (post consol basis). Not wrong... early. lol

By continuing to average down aka throw good money after bad, Apsec have brought down their average to 0.057042383 which translates to being down by 30% or about a $800k loss.

Looking at this strategy one may understand why Apsec has at least 1 fan on HC...

It would be interesting to know how much of their own money does Apsec FM's have in their funds or is it only OPM?

I can easily see why Apsec fund is under-performing compared to their benchmarks and why they are down $800k in NOR alone... Any guesses?

All imo