MXQ 0.00% 2.3¢ max trust

just me and you lza

  1. 4,510 Posts.
    No one seems to be bothered about posting on MXQ.

    Good volume going through up to 34 cents in recent days. Someone(s) continues to mop up all the spare stock.

    The position of the fund is so much stronger after the elimination of the interest bearing debt recently.

    I think they are trying to get it to a point where the deferred interest holders will be off their backs before June 2014.

    If they markets stay in an upward phase, it's the potential upside in the 3 distressed CDOs that could provide the fund NAV with a booster. They do not mature until 2016 and have time to recover gradually as the rest of the portfolio has.

    Couldn't be happier with how this one is going.
 
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