Ann: Blue Sky announces Management and Board changes, page-44

In the same way Dominoes was when it's PE went past 60, the fundamentals of the business didn't merit the sp simple as that. The lack of clarity, poor mngt & dodgy fee structures were the cause of the crash but buying at that valuation ($11.50) was crazy. Neither the PE nor premium to NAV were merited for this sort of business which was why i wasn't a buyer at $8.50 let alone $11.50.
I briefly held BAF, which was better value, but the returns were too low for my benchmark so i sold out months ago.