RE: RE: RE: RE: gld board postersI understand where you're coming from but I'll leave you with this thought. Where would GLD be trading without the offer from TRR? Where was all the talk of "fair" when GLD management allowed the SP to drop to 20 cents? THAT's not fair but there was no bad guy to point the finger at so people accepted it. Like I said, I hope things work out but when TRR was trading at $4.22 and GLD was trading at .20c (on June 13th when TRR started tracking the 20 day SP average of GLD ) that was a 20/1 ratio (or 5% of the value of TRR). The current offer of 8.62/1 the percentage is 11.7% of the TRR value so in reality GLD shareholders have recovered some value because of this "poor" deal.
Business is business and if a company feels it can get an offer for the lowest price possible they're going to take the opportunity. Did you expect TRR to wait for 6-12 more months and allow GLD the opportunity to maybe find something of value before making their move? You think Walmart waits for the mom and pop store down the street to open 15 locations before buying them?
Anyway that's all I'll say on this board, I'll take my thoughts to TRR because I'm sure everything I'm saying is falling on deaf ears and people just want me to shut up and not drop the reality bomb on the situation.
GLTA.
Gamblor.