Have not held for some time. But it would be my guess that these...

Have not held for some time. But it would be my guess that these hedge funds aquired there shares in the deal that Linq did that enabled all the expired options to be taken up by other parties. This was not good for long term shareholders as it reduced the NTA. The other parties (hedge funds) were happy because they could buy into a succesfull resource fund at large discount, Linq was happy becuase they could get there management fee on double the amount of shares listed. However the shareholders and options holders were shafted at the time. As linqs share buyback dried up, and they failed to promote the stock. The shareprice dropped to around the $1.00 mark, the options became effectively worthless. However Clive Donner and Linq did not care as they had done a deal with their mates (the hedge funds etc) so they could take the shares at a large discount to NTA.


Now it becomes comical, with the hedge funds wanting out. Probably because Clive promised them that LRF shareprice would come in line with its NTA, and this has not occured. Now Linq are looking at buying back these shares ( at a price that regular shareholders could not get) and they will loose a significant part of their management fee.

Does anybody know when these hedge funds aquired there shares? Are my assumptions correct?