Mackie has zero credibility vis a vis TLTAs a would-be investor in Theralase, I would not given any credence to Mackie's research report.
Mackie no doubt had a strong hand in butchering the TLT SP to get this best possible deal for their uber-rich clients.
After destroying TLT's value, Mackie now comes out and says the company is actually worth almost 4 times its current price.
But if the company is really worth 80 cents, why is Mackie selling late today at 22.5 cents?
These financiers cannot be trusted. Any report out of Maxim would be similarily suspect.