Bootyman1 is 100% on the money.
How is 40c a farce?
The market is down something like close to 50% since March 27.
The majority of clients would have lost at least 50% of their net equity positions since March 27.
Let's cut out all the emotion from this situation and look at the cold hard facts:
How many clients can put their hand up and say that their portfolio is worth over 50% more than at March 27?
Not very many I presume.
The choice is as follows - chase 100c in the $ and lose nearly 40c in the process to litigation funders and wait 3-5 years for any POSSIBLE payment. You're back to 60c already.
Or take 40c now and put it back into the market at these record lows.
Who do you think will be ahead in 5 years?
Someone who puts their 40c into the market now for 5 years or someone who chases 100c and ends up with 60c?
I know what choice I'll be making.
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