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Strategies & Market Trends : 50% Gains Investing
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To: kollmhn who wrote (64144)9/12/2008 10:17:04 PM
From: Jurgis BekepurisRead Replies (2) of 118717
 
BOGA - actually there was a "make whole" provision and Loeb's cost from conversion is much lower, about $.45. Still almost 50% above current price. Of course, he cannot (?) buy more without insider trade reporting. BTW, he sold swaps that makes his fund BOGA-price neutral outside .33-.40 collar. The funny thing, he sold the swap to his own other funds. ;)
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