NAV for ALSPVE has always warned if the deal cannot be pulled off then ALS trades NAV. Last time he was on BNN he said he would not buy ALS because of the markets and he hold his position. So folks that basically means he your weak blood you sell, and sell it was for ALS.
ALS was always a credit risk story, a company looking for money.
So the deal, the credit market is the pits, so ALS trades to NAV.
I am melting in at $7 bucks, why not, I think the next ride is the real ride, till then happy trading and happy easter.
Terek 8