Dont think this deal has anything to do wih FP whatsoever.The...

Dont think this deal has anything to do wih FP whatsoever.
The Pass (and VIL) equity in FP remains virtually static from an individual perspective.
The 3 possibilities from Pass perspective are .
Increase in liquidity if needed.
Much better chance to use equity as collateral.
An in to Bongo.

From our perspective we spread our risks , got a look in on new tennaments and dramatically increased chances of debt funding in return for forfeiting our share of Bongo.

Lots of reasons why CAZA could move but lets hope its Bongo.