ouch , page-9

i let mine go finally.. not much of a profit this time but black is black

i guess i should have seen the signs when they rejected the second take over offer..it is obvious now in hindsight that Goldman Sachs and others in the big league who stand to make millions in the take over merry-go-round get nasty when they are spurned..

A bit like when KKR had a crack at PPT(perpetual) valuing the funds manager at over $40 per share..PPT rejected it and then they were shorted and sold off to less than 50% of the offer price..

oh well lesson learned.. companies in weak position ie BBG, PPT etc will be vunerable after a takeover rejection..especially when there is not much chance of a bidding war..

beaten by the shorters this time..