Fair points. I do agree the intention at the time of merger...

Fair points. I do agree the intention at the time of merger was/is as you have both said. Granted everyone has also had the opportunity to average down, I just imagine many retail holders have slightly tighter capital constraints than Mr Lauder.

2+ years later, I can't help but maintain a little bit of healthy scepticism watching the events unfold. Whether I'm right or wrong, like @frostieshake, either scenario strengthens my resolve.

Very much appreciate the discussion here. FLC is one of the best forums going around; (touch wood) not only avoiding remedial toxic immaturity, but with constant mind blowing research contributions.