RE: Acacia?3 Jul 2020 11:47
Chris - strategy is a follows. Buy a distressed fund on the cheap. Sell shares, make a bucket load of profit. Job done. Now where's the next distressed fund?
They have no strategy in SNG. Probably have no interest in holding any shares here and want them gone before they rise or drop significantly on results. Either way it's probably too much risk for their portfolio. Sometimes it just doesn't add up but i can guarantee they haven't done the sort of research we PI's have done into SYN and IFNB!! We just seem to care more and our hard earned money is on the line. They just play around with other peoples money in funds at very little risk. Of course thats how Woodford failed.