I think its not beyond reality EXR ends up with 2b SOI the rate at which its going. I'll also concede the lifestyle company mantra isnt that from the truth - with $1m going out the door in salaries every year why not drag it on for another 3-5 years, enjoy 5m shares per year 'performance rights', then hope for a TO at 30-50c
All this talk about management knowing everyone in the business, Neil saying he knows Ken, Barbie, Santos Claus accounts for zero.
I hate to admit it but i think you're right.
Now ill remove my devils advocate hat.
Ann: Daydream-2 logs 154 metres net pay, page-105
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