Quarterly, page-88

Hi Pj,

What you don't have in your calc is sentiments. And they change pretty quickly.

And as per your logic I would think that any tech company (start up) would hold no value as they don't have anything to show which is clearly not the case (Example:RAP)

And as for your spreadsheet, well you don't work for FAR, you haven't seen data and as you clearly know they have tight hole policy so no one know full details about anything, and hence your spreadsheet work on assumptions that only you know.

As for Tony's frustration, We will see who has the last laugh.

No offence intended, you have your theory and everyone has theirs but you have no right to say you are right and everyone is wrong and please don't assume that SP is proving you right.

JORDAN