Frack and others.
UBS have just announced their substantial shareholder notice. This company now has $226m cash after all payouts etc.
What is a listed vehicle with this much cash worth to the market? A substantial premium to its "cash value".
Some have compared this board to the board of 2008. A little investigation will show vast differences.
Sure the cash may be disbursed as "return of capital" and tax advice is being sought.
I will continue to hald as I feel there is still some twists to come.
DYOR
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Frack and others.UBS have just announced their substantial...
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