Indeed almost the same press release. Either the assets are not worth what the trust paid for. I have 200 share a erage 12,75.
Book value of royt is only 6$, while NDRO bookvalue is 18. But ROYT has more profit per share.
Meaning? Fraud? Underlying assets will not deliver the oil as expected?
I am in at 13 and at 12,5, average 12,75$.
Not much of a gift really right now.
There was a large buyer at 12.50, when he was done buyng the floor fell away.
Wonder if these 9M shares are shares from the offer. Is it allowed to announce a sale at 13.85 and then dump all at a,other price?