Yep, what a joke... no doubt MQG was in on this too, all the...

Yep, what a joke... no doubt MQG was in on this too, all the dipping in and out they've been doing the last few weeks.

So basically GE gets IDL for zero premium on the price just before the last results were issued, and a significant loss for anybody holding 12 months ago.

The downgrade wasn't anything really serious, I expected worse. This is nothing but predatory action in a depressed market.

So as was said above, good on GE. My average buy price is $1.14 so I will make a small profit but I expected better. Not sure why the board are falling over themselves to accept after their SP has been beaten down opportunistically.

Exactly the same thing happened with my ESG shares. Bought at a price I considered good value, the price got battered down, a takeover was launched which with VWAP+40% got me barely above buy-in price, the board rolled over and I make 10%.

I'm not thoroughly enthused by the whole process. But could have been worse, I could have been one of the ones who got stop-lossed and REALLY got robbed of their shares.