I was curious as to who Seth Klarman and The Baupost Group is.Turns out he is considered the Warren Buffet of his Generation. He started the Baupost Gp in 1982: Baupost Group's assets were: $30 million in 1982, and $ 29.4 billion in 2012.
"While Klarman is at heart a traditional bottom-up value stock picker, he does often dabble in distressed debt, spinoffs, bankruptcies, SPACs and other esoteric investments. If only one word is to be used to describe what Baupost does, that word should be "mispricing", due to overreaction" (Forbes 2010).
there's more but that gives you the idea. He has been investing in ENZN for several years and was buying when it was in the $9 range. I believe that He feels that he will make money in the long term.
Mr Klarman has a lot more resources at his disposal to be able to evaluate such investments than I have. I'll listen to his evaluation and also most likely will also see a good return for my investment, given a little patience.