I see the numbers and hear loudly what you are saying. What may not be taken into consideration is future value and goodwill. I have to admit that my feeling is that RED has this aspect over SLR in spades. I have to admit that based on current information, RED has a long term cash producing set up while SLR don't have that.
As a result, I can understand why cj et al are advocating for a different share conversion some have suggested.
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