Any angle you view Everblu from does not improve the view , in my opinion.
How the hell SE1 could be “tempted” or “enticed” into a CR which - apparently- involves a large percentage of the issue going in that direction is quite frankly very hard to comprehend.
Obviously waiting for the finer details but if true about Everblu and it transpires that they are also the underwriters (for , circa, 6% + options?) then respect for SE1 executive and management takes a big hit ( again in my opinion).
Hopefully there will be something in the details which makes sense (era)!
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