Ammpm, I`m not perceiving what you are stating. Let say that RDS was trading at $80.00/share when the deal was announced and now, as you know it`s trading at at $45.92/share. The fact that the Value of RDS shares, B shares in this example, have diminished by $34.08/share, doesn`t in any way benefit RDS, because RDS will still be Issuing the same amount of shares to BG Holders (.4454 shares of RDS for Each share of BG ) and will be distributing the same Dividend upon Issuance. The Current Market Price of RDS is irrelevant!
If someone can illustrate that I`m wrong, please do. But I seriously doubt that I`m wrong! Now if RDS renegotiated and only offered .3250 shares for each share of BG, I would go along with you that RDS would be cutting a much better deal!
I`ll tell you that you were a complete failure about your "Total Return" Malarkey about GABUX!
All of your pronouncements about this fund were basically a complete and possibly a deliberate misunderstanding about the investment ramifications and the funds investment objectives or were you really just working for some boiler room hedge fund. Nothing you ever professed about GABUX developed, other then the NAV going South for the last 15 years. You ought to ask Mario for a job. I bet that he would love to have you on board.
Have you noticed the funds performance since the reverse split. It`s right up your alley. Why should it be any different today then it was for the last 15 years! HA!