Hi NeilN I find it astonishing the letter would do that without some buyers working in concerted effort to ramp the stock. Looks like a ramp, which triggered short covering. There is nothing new in the letter. TIMPB looks like a great buy; e.g with closing price of TIM at 13, TIMPB is worth 65.5 cents. As PP points out, buyers of TIM have no clue about TIMPB and that must simply be the reason TIMPB is undervalued versus TIM.
TIM Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held