As far as BRO is concerned, nothing really new in there. The loss was disclosed in the 08-09 annual report. Probably just makes it more public that Vaz 'quit' the FAS board (before being booted), solidifying his position as a terrible businessman. Not so sure that equates to selling pressure though, unless there's more to come? From this point, we just have a bad debt that has already been written off and a lousy Coy head.
BRO Price at posting:
0.3¢ Sentiment: None Disclosure: Held