IBI Group Inc T.IBG.DB.E

RE:Partnership move

[oldinvestor64]

In my opinion, the decision to reduce the partnership holdings can only be construed as positive by the market.
First, it provides some fundamental or floor price for the stock  in the short term.
Second, I am in the opinion that the low liquidity on the stock was producing a discount for at least 
10-20% , especially for insitutional investors.
The stock  may trade a bit lower, until the closing of the private placement, but it will resume it's ascent after the closing.
I will be watching to see if the underwriters exercise the over allotement.