WAB 0.00% 7.3¢ wallace absolute return limited

will this money be repaid

  1. 6,716 Posts.
    WAB supposedly is an "absolute return" investor ( that is, effectively a listed hedge fund ).

    In fact, it has invested more than half of the company's capital in unsecured loans to a leasing company associated with WAB's CEO.

    And this was done without the other two directors knowing it !

    No wonder this company is down 80% in a year.
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