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Re: blueyedcatch post# 68038

Wednesday, 05/16/2018 7:52:12 AM

Wednesday, May 16, 2018 7:52:12 AM

Post# of 108192
Blue, he bought in at a massive discount of $2, which was the lowest price ever that the stock had seen in its ten year history. He is a shrewd investor. He likely saw how poorly the company was being managed and required the massive discount we saw with the offering to compel him to invest. So you need to put in context that while it is positive he invested, he did so at a time when long-term shareholders have seen 80% of shareholder value destroyed. That is why he is a great investor - he knew how to take advantage of and invest at the right time in a company nearly destroyed by incompetent management and he received a massive discount to fair value as a result.
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