Worked value split of Gandel scheme, page-16

Oh that was cruel ST78 ... you may want to google the word schadenfreude if you are not yet conversant with it's meaning.
I had actually compiled a comprehensive reply on this thread but then the 42 degree temp in Sydney caused a melt-down and a loss of my unsent missive ... and I ain't gunna' go through it all over again.
In short .. imo Ian Gandell wants to simplify (i.e. privatise) his holdings (and their attached tax credits) and, as shown by the AGS capital return, if you trust this bloke to give you a fair deal (within the constraints of the prevailing market conditions) ... he will.
I managed to turn a $46K loss into a >$26 gain with AGS ... it weren't easy nor pretty but I made a profit by trusting the bloke to pay us minnows a decent return as he (and we) accessed the cash balance available from the sale of our AGS asset .. now let's see what he does with our (rapidly reducing) AYC asset?