comparable valuations, page-2

While I agree with your sentiments, the big difference is that PNA was not a begger, OZL was, and "beggers can't be choosers." OZL had a very, very, very weak bargaining position and whenever you get a situation like that, there will be a loser, and this time it was OZL.

If we voted NO to the deal, BigSky9, what would you suggest to be the way forward to pay off the outstanding loan that is now due?

HT1