Yes, those here from from the beginning took the biggest hit. If they've sold and written off the los they're gone. That's business. If they stuck around, they've had the opportunity to accumulate cheaply. One thing is clear, the Class has been established to include all shareholders regardless of when the shares were purchased as it should be because the damage was done to the relationship between the share and its relationship to its bundle of rights.
I watched Ackmans IPO pitch. One of the questions was about the time period to deploy the funds raised from the IPO to begin earning returns, 6 months? Ackman relied 2 to 3 weeks. Wait for it.
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