Hey there Smug...
I will not address the 16 cents business described under your scenario b), as I've never espoused such a valuation. That aside, could you please delineate exactly why FAR would not be able to, or would definitely choose not to, on-sell a % of, or all of, the disputed 35%WI if indeed FAR's PE rights are recognized, upheld, exercised, and the disputed 35%WI is secured by FAR (if that was indeed what you were implying)?
You have labeled this possibility as an extreme.
Perhaps I'm being simple, and it certainly wouldn't be the first time (or the last), but I don't understand why one would view such an eventuality as an extreme.
To me, it seems likely at this point.
I eagerly await the actual arbitration outcome(s), and the fun that will be had while we compare them with the responses from the PE Outcomes Tipping Poll initiated by Sir Szaba back in (my) Autumn of 2017.
At this point, I think the Seppo has a leg-up
-walk
Arbitration update, page-29
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Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
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| 3 | 46396 | 50.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 2951 | 1 |
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