So with PES transaction falling through they're going to preserve Capital for future opportunities but we're still pursuing the trade sale option for PEXA?
Does anyone think that the Pepper purchase would deliver a better ROI than PEXA will over time? I don't. Does anyone think that this management will find a better use for any Capital than they'll obtain from a PEXA trade sale than they would get from maintaining their passive PEXA investment? I don't. Any potential PEXA purchaser presumably agrees with me.
I sincerely hope that there's not even the merest hint of any related party transaction in any eventual Trade Sale. I really can't see their logic in wanting to dispose of their PEXA interest in this way.
