Meanwhile down in oz..
The FGE management sold out half their holdings at @$2.10 to Clough. Are these dumbwits still 'excited' about "The Strategic Alliance Agreement provides an operational framework to deliver the expected benefits and facilitate long‐term strategic co‐operation between the companies. " ? A whole wordy explosion of airy fairy flatulence.
Clough has 2.11m shares at purchased prices of $2.10 per share and 31% of Forge. At the recent market price of $3 for FGE, Clough is sitting on a $23m profit which is about the same as what Clough has earned for the LAST TEN YEARS IN TOTAL ($27m).
Forge management has effectively handed control over to Clough, a company that has made losses 3 years out of the last 5. The Forge shareholders can now expect to get really forged, no imagination required to guess who will get the meat and who will get boned.
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