IMHO if someone holds BBSFF from IPO until now, the person would have made a loss on his position including all the dividend. If someone buy the counter during its rally to 1.22, he or she would have lost more. Only if you buy at the low of 0.80plus then you are still green?

The more fundamental question is why the price is dropping if the yield is very attractive. I believe all the high yielding stocks was affected by the credit crunch due to the sub prime loss. Why? Major players such as funds, financial institution such as banks have to liquidate their holdings of global stocks to raise cash. This caused the price of such stocks to drop substantially. Few months ago, investors are not asking for high returns on their investment such as convertible bonds. In fact a lot of M&A activity was done cheaply. Look at the present situation?UBS are paying 9% to GIC per annual for their investment. Morgan stanley is paying the sament to China fund. Citigroup is paying 11% (if i am not wrong) to their middle east investor. This shows that investors are asking for much higher yield in the current market.

Let me post a question for thoughts?If you are a institutional investor, would you lend your money to UBS or Morgan Stanley at 9% or buy BBSFF at much higher yield?

I am not trying to talk down the share price of BBSFF but i just want to explain the logic why the high yield of BBSSF is not able to support the share price.

Personally vested in BBSFF (net loss)