RE:Reply from Mulvihillto recap , on nov 12, the number of A shares will be sliced by a third, the nav will be 6.34, and the yield goes from the current roughly 20% (81 cents /4.20 ) to 15%, unless of course A shares trade way under nav: At 4.80 after consolidation, yield would still be 20%, but that would be 24% discount to NAV vs about 0% today.
Also i was on the site and as of end of July, cash was 60.4%.
Why would anyone hold through nov 12 unless you believe it will trade at or above NAV and you don't mind getting a 25% yield haircut vs today.