But we already know what we're getting for our stake in JBFG: $67m in 'cash' and the $12m convertible note from JBTH. So it would only be a plus if/when the option was taken to convert that note into JBTH equity (rather than cash) at some future date? Seems like a flimsy bow to draw.
Ann: Net Tangible Asset Backing, page-11
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