“Going forward, the plan contemplated for PPVA will be for it to operate as a close ended fund, whereby the fund will be closed to new subscriptions, and proceeds of the monetization of any of our investments will be used to either support other current investments in the portfolio or distributed to stakeholders,” Nordlicht wrote in a note to investors on June 15 seen by Reuters.
He added that the unwinding would be done gradually to avoid a “fire sale” of investments.
Also does everyone think that BAM and Monistat (66m shares / votes) will vote their shares to help bail out DMRJ (35m shares / votes) or will they seek the Best Price and support the BOD and common shareholders?
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