GREY:VVVFF - Post by User
Comment by
cymlanon Oct 12, 2009 6:23pm
293 Views
Post# 16382504
RE: RE: Gets interesting (MCC)
RE: RE: Gets interesting (MCC)I'm still trying to figure out all the pieces.
But MCCA was (and maybe still is) the main stockholders of Equus.
The majority of the board of MCCA is located in Europe. I would not be surprise that they are friends with Des Pallieres and Benedetti.
In june, Equus didn't renew their contract with MCCA. Nobody no why.
And now, we have Versatile taking a big position in Equus.
I don't know but somethig missing.
"We have no reasonable explanation for thenon-renewal of our appointment and have not been provided such by theEquus board. As the largest shareholder of Equus, we remain concernedabout stockholders not having seen a transition plan, includingspecifically how the Fund expects to achieve a lower operational coststructure as a percentage of net assets under management, or how theboard expects to achieve access to deal flow commensurate with thequality and variety that had been brought by MCCA. "