Why is it perplexing? If you can just overlook the temporary setbacks and mistakes along the way.....and just look at earnings and potention for the future...it's clear why they would want to invest in Panamersa. SS
You need to look into the processes behind legacy paper. They never owned this stock intentionally. They were holdover shareholders.
( You really think they just invest willy-nilly in companies? No, they have a research team and financial advisors. I am sure they investigate companies thoroughly before investing. This is what is so perplexing.