Why the heck were Elliots selling... src its easy to say in hindsight but when emails like this are being ciculated it clouds your judgement somewhat ...
6/10 05
Straight from Pearson .I had a brief conversation thsi afternoon .He is
rushed off his feet ...done a good job ...by the looks of it .
The seller was a Hedge Fund looking for £2 per share return of cash
and
would have bought more if Pearson agreed to breakup company .Lambert
and
Rybak disagreed with the proposed plan .The US (NY ) based fund then
sold
19m shares .
Presentation to institutions who bought 10% yesteday and today think
the NAV
will go to £2 plus with future plans for the company and shareholders
would
be better off not returning the cash .
He is very optimist and very tired (working 24/7) recently .He is very
confident of future ...
Audited accounts are available but another RNS will not be issued .
Hectic week ...Expect mark up tomorrow ....
he thinks the shares are incredibly cheap .
A major fund is buying tomorrow so expect more activity .they just
needed
Audited accounts which are now available ..
Pearson would not breakup for £2 then I am not selling under that level
either ...
Good luck holders but I do not think luck comes into it after surviving
the
past week ...
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