Sunday, November 13, 2011

Death Star closes in

A few weeks ago now the evil death star Goldman Sachs consortium came back with another recapitalisation offer for Redcape, the ex-Hedley pub fund. Holders receive 2.59c per security under the current offer. When Goldman made its initial proposal three months ago the offer was 8c per security. So, that ongoing tragedy continues to go well for suffering investors eh?!

Hedley floated Redcape (HLG) in 2007 at $3.50 amidst extraordinary hype from local mejia .........

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