The whole notion of offering Put options to the 2014 non PDS growers smacks of desperation on TFC's part. The company would only receive 90% of the sale price after slinging a 10% sales commission to the FA involved, but was offering essentially a full refund offer. The writing was well and truly on the wall then.
The company must have believed its own hubris when striking these deals.
The whole notion of offering Put options to the 2014 non PDS...
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