Checkmate Research, page-68

Folk lucky enough to buy CCP in the recent dip should be grateful. Folk who neither bought nor sold have nothing to complain about. Those who sold may have learned a valuable lesson, although they could have learned as much by reading Henny Penny, or Chicken Little as the story is also commonly known.

When I looked at that report, it struck me as being so amateurish that I wondered if I had found the right report. The DCF-style valuation was based on numbers that had CCP withdrawing from business and, in consequence, running down its portfolios of debts arising from both loans made and and those arising from purchased debtors ledgers (PDLs).