Gself,As long as the board cant find any opportunity then the...

Gself,

As long as the board cant find any opportunity then the capital continues to be under employed, i.e. the ROC is below average. We all would like the plumb opportunity but you seem to also accept long term below par ROC. Does the board think sub par ROC is OK?

I would expect the SP to continue to reflect the poor return on capital as time goes on with no action.

If OZL keep $250M to maintain a very strong balance sheet and returm $500m to its owners, the owners have the opportunity currently denied to them to get a decent ROC.

I would strongly prefer OZL did a good M&A. When the 5 year bell sounds my patience with the current board will have ended, cant say they had no opportunities (SFR, RXM).

I would not like to wait indefinitely to put the capital to work.

In the event of a capital return then in the future if the board find a good opportunity they always have the ability to ask me to invest in that opportunity. If its a good one i will be there boots and all.