DRS
exact mate
Hedge funds get paid on performance.. u all know performance fees!!
SDL at 45c will give them some perfomance to ensure
The retain their jobs
They retain FUM
They get more mandates
They get paid their bonuses
Also the T/o at 45c is a liquidity event so they can exit
Hedge Funds tend to trade with long /shorts on their books
They are not naked to one direction or sector
They rarely go against the board in these smaller plays...This isnt a block against mgmnt
If there was any hint of Hedge funds attempting to block the bid, they would be in the market cornering the stock..and we would be 40c+
Sorry so many of you are holding on for Hedgies to save you and they know best...they dont care as much as you think...its just a trade to them...they are fed up with this stock, they want to get out, cash up and move on...
Only chance for +45c is a counter..
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