There have been some interesting calculations here about what...

There have been some interesting calculations here about what Red/SLR "orter" be worth. So far of course seemingly ignored by the market. These formulas appear to me to ignore the fact that in my view an informed market would not only look at income but for the period of time that this income will be sustained. From what I have gleaned here, SLR's income is not guaranteed long term. If so, surely that is a governing factor? As I have said previously , the more I read the more I believe that this "merger" (looks like a reverse takeover of sorts) is "By the management, of the management and for the management" (to paraphrase Honest Abe. One side will be looking for substantial Golden Parachutes, unearned in my view taking the long view, and the other side wtll be managers of a larger company. I have yet to be persuaded that there is much in it for RED shareholders.