Auto,
COE's IPM holding is a solid ASSET, but it is not CASH, not even CASH EQUIVALENT.
Holding a small holding in a liquid stock as a trading position possibly, but not holding a very substantial investment position in an illiquid stock. Quite a difference. When a fund says what it is holding as cash, it means CASH, not cash + share investments.
Perhaps COE can cloud the high promote cost they are paying into Hammamet with a Bargou smoke and mirrors combo, but I doubt it. As first they have to get a "like minded" well funded entity to share their believe in elephants there, and not pink or white ones at that. Tall order imho, but good luck.
EL
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6 | 275582 | 0.210 |
Price($) | Vol. | No. |
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