The rybak sale was for two reasons, for every sale there is a purchaser, why would the purchaser, in his case probably tradex ca CANADIAN investment company, (ring any bells) who bought 8.4% of lgb in 3 months, who from i here you cry, havent got a clue not!!, why would they buy, (rybak will probably hold substantial amounts of the tradex global equity fund of which lgb makes up now 8.4%,so he has sold, hum at a loss,well not really if he hold the tradex fund, it increases liquidity, and it gives the board a great reason to suspend the shares to allow breathing space to complete deals.(that was the second reason for his sales.
What he has lost in one hand, from lgb sales, he has made up else where by investing in the funds which HOLD lgb shares, what a very clever man, oh he s not is he, i think youll find he is.Its a naughty game this investing lark, butthey have all been clever together, draw in the shorter hedge funds and beat them at their own game, novel but effective imho
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