The way I read Malcy's latest post is that the first paragraph is the facts and the rest is his opinion on how it may play out and his preferences - NOT FAR's.
IMO the most interesting thing Malcy has said is that FAR signalled they have a backer to enable them to PE. While this has always been suspected in the intelligent discussion on here this is the first time it has been stated from someone external to the HC community.
Malcy's Update, page-33
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