Paps, nice try, but u r missing the point.
GBG is all about how much $ will be needed to top up the JV. It's pin-the-tail-on-donkey time to guess how much. Could be zero or could be very ugly indeed.
I am a former holder so I know something about this. The next CR could be the last, and, all things equal, it could be time to jump back in the shark pool.
