Ann: Change in substantial holding from PRY , page-3

@ Zman;

It's "wishful thinking" in the sense that I wish that PRY is actually thinking like that.

I agree in spirit. The alternative is that they are reducing exposure to VEI which makes little sense as this is more typical of financial buyers (maybe PRY were just riding the wave of enthusiasm for VEI...?).

When you own 19% of a company it's pretty much hold indefinitely, sell as a stake to another buyer, or buy the company yourself. It makes little sense to try to reduce exposure to VEI, especially with such a tiny market cap, to zero over time and do so with a profit.

I've got no idea why they've done it - but the price has been taking a beating recently.