Your reference to the $15 is the recent raising and misguided in my view, as I think you will find they will not be selling anytime soon and that’s one of the reasons they got that kind of discount.
If you were to reference Mercer then yes that would be more relevant, but then I would ask do you understand the workings of a connote in the broader market overall. And you need to consider these types of instruments when they were entered into and the options available at that time.
AVR Price at posting:
$15.96 Sentiment: Hold Disclosure: Held
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