Quote Originally Posted by Balance View Post
Haha - tell it to those who paid $1.00 into BRM and are still out of pockets.

It is all about the fees, nothing more and nothing less.

Heck, people thought Madoff was a great guy and a great philanthropist!
Discount to NAV still about 6% - that's about $8m - about right as the present value of future management fees.

Where do those management fees go?