RE:RE:RE:RE:RE:RE:RE:Orderly Wind-up of TZZ just announced this morningTealeaf1 wrote: since the attacking group are clearly more sophisticated with deep pockets unlikley also to re-invest.
Cheers
Tealeaf
The group is a US Hedge Fund, so they're not interested in investing with Trez for the long term. They accumulated a large position well below current levels and then advocated for the wind-up. They'll likely succeed, then onto the next. This method is good for a quick buck, but it's not aligned with longterm sharedholders who want access to the very few TSX listed MICs for their registered accounts. I'll take the wind-up since my average price is in the $7 range, but we'll be losing another MIC and it's unlikely that others will list since it's been a rough ride for many.