RE:After some bloomberg reconciliation and investigation...What kind of Nucklehead is heading up these Funds. They got in at much more than $2.00,. Why, knowing the stock is trading at cash value, would they get out now at a significant loss. Given this kind of stupidity, why would anyone put their money into something managed by fools like this. Sure is easy for them, its not their money---only their Clients.
John Hancook is owned by Manulife, if they are liquidating their entire positon Company wide is it possible to find out who (specifically) is managing these funds for this colossal Insurance company.?
If , rather than being a Fund it is simply a division of Manulife, I would think twice about owning their Stock. No wonder Manulife's share price tanked (due to losses in the stock marketr)
It doesnt sound to me like sinister manipulatoion, just an ill conceived plan to dump an entire position over a 3 month span.