It is the first time EVER. Not even during the 2008 crisis it had happened before. First since 2002. it is VERY bad sign indeed. But nothing is forever, we should remember that. PHT was only of the very few funds to recover its original price after the 2008 crash in 12 months time. Its reputation is quite good. This time something went wrong with their low grade investment. I think it can happen. Let's hope the 12.30$ touched few weeks ago was the bottom and never go below $13 again.