I agree with this. Even if you feel fairly comfortable with the...

I agree with this. Even if you feel fairly comfortable with the outcome of all this, the reputational damage has been done and it will have an impact, whether rightly or not. Reputation is (almost) everything. In the short term, anything over $1.40 is probably a win, except for the poor folk who were buying at over $2. Those are the holders who have the most right to feel aggrieved. I almost feel guilty for having sold a chunk at $2.19.

But you're right, with time that can be turned around. I'd reckon BHD should be the quickest to recover. It's already at a substantial discount to NTA, surely that should close if the NTA keeps steadily rising (and unless they do something whacky like invest a chunk of money into JBFG - perhaps this possibility will hold it back...)

For HML it will depend very much on what comes next.