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Great White 1

05/02/13 3:42 PM

#884 RE: Obamination #883

just my thoughts on your post..... Pictet put up $19 million bucks 6 years ago. now is that an open ended deal? they get to use Pictet's money forever. of course the answer is no way. at some point they must get compensated for buying in the way they did. judging by Andy's last letter and comments about enhanced shareholder value. that time is at our doorstep.with the Dow closing in on 15000, Pictet must show a profit , because to have $19 million dollars parked for years with no return is incompetent to say the least as Fund managers and they don't want that. I thinking this letter coming out will give more insight to enhancing shareholder value.