Whatever will be, will be....can’t turn back the clock, and change things now. We’ve overcome so many hurdles as pioneers (MMJ investors) in the sector, and when you think about it, we’re the only genuine and pioneer LIC in the Australian sector.
Slides everywhere within the sector, and I guess in a way, it’s been kinda pleasant not watching with a grimace each week the bipolar trading of MMJ.
In regards to the valuations, if i’m not mistaken (I could be, ‘cause I’ve taken my eye off the ball with MMJ recently), I think JC offloaded the 5 million at a higher price for HVT than it is now, and the 8 million in return for PTL would be a net gain since the SP and VWAP is lower? I kinda remember thinking at the time that JC couldn’t have divested HVT shares from the sale of PTL, as approval hadn’t been garnered.
Anyway, in true tortoise tradition, we await a slow and laborious relisting.
MMJ Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
