gba trading at a 43% discount to mmr

Dear folks

Below is my effort to sort out the value regarding PEP 11.

Currently, GBA is trading at a 43% discount to MMR.

The market cap of GBA per 1% of PEP 11 is $834,083.

The market cap of MMR per 1% of PEP 11 is $1,436,806

The market cap of BPH per 1% of PEP 11 is $1,436,292 (assuming they take up their 19.4% option)

The market cap of BUY per 1% of PEP 11 is $3,759,145

The market cap of MMRO per 1% of PEP 11 is $760,711

Thus, the best buying at the moment is MMRO & GBA.