OK thanks for explaining it guys.
Now I think I get it.
The current sp is not relevant as there is 'some other' share price that is relevant. Something 'off-market'.
The sp for 2012, 13, 14 is not relevant at all - I should only focus on the 2011 SP as this is the important one that tells 'true value'.
Thanks for clearing that up for me.
Ann: Cleansing Prospectus , page-28
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