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Invesco Emerging Markets Sovereign Debt ETF V.PCY


Primary Symbol: PCY

The investment seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Market USD Liquid Balanced Index (the underlying index). The fund generally will invest at least 80% of its total assets in U.S. dollar-denominated government bonds from emerging market countries that comprise the underlying index. The underlying index measures potential returns of a theoretical portfolio of liquid emerging market U.S. dollar-denominated government bonds.


ARCA:PCY - Post by User

Comment by geezer321on Mar 03, 2013 12:13am
169 Views
Post# 21068882

RE: RE: Tulgalagatai Sale/Purchase Agreement

RE: RE: Tulgalagatai Sale/Purchase Agreement

The delay is now costing an additional 2 million shares to reactivate the loan.  The credit agreement was contingent on completing the sale and purchase agreement and that did not happen.  Warterton is penalizing us for the sale/purchase agreement not being completed. 

 

I do not recall any reason given as to why the agreement of purchase and sale expired?  Did Tethy renege on the deal?  We had the money to complete the deal and are not walking away from it, so what happened?  Why are we having to renegotiate? If Tethy failed to follow through with the deal, why not?  Did they breach the agreement of sale and purchase?  If they did it is costing us an additional 2 million shares.

 

Because negotiations are ongoing management may not be in a position to comment but once this things is finalized I believe management owes us an explaination because this is material.

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