Wednesday, November 25, 2015 1:01:26 PM
Reply I received from Woodford Funds:
"You have obviously seen our recent filing to the SEC and we are unable to comment further at this stage. Suffice to say that we believe in robust and transparent corporate governance and the filing has been made to protect the interests of shareholders by investigating and reporting on serious, but unfounded, allegations that suggest otherwise."
From the dictonary:
un·found·ed
??n'found?d/
adjective
having no foundation or basis in fact.
"her persistent fear that she had cancer was unfounded"
synonyms: groundless, baseless, unsubstantiated, unproven, unsupported, uncorroborated, unconfirmed, unverified, unattested, unjustified, without basis, without foundation;
My suggestions to all as options:
1) Be comfortable with what you know and don't worry about it for the next 3 months.
2) Be uncomfortable but do a little more digging and be proactive to make yourself comfortable like you must have been when you made your initial investment.
3) Stop being uncomfortable if you are every day, by selling.
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