Been thinking about the liquidity issue and locking in future sales.
If a buyer gets a discount on purchases in return for a bigger up front payment what that does is resolve the short term issue lock in a guaranteed cash flow and leave the Coy free to extend the current plantations and make up the revenue via volume. Given the assets and established market I can understand why the board has to consider more than one proposal - there could well be a beauty contest between potential lenders!!
Any comments other than HT cos know what will be said there already
And of course
All IMO and DYOR
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