Pegasus, page-111

That may be so, but look at how undercooked their numbers are, Mattress deals already announced are running higher than $3 million USD annually, and this latest one is at $10 million annually (Moelis have even FY2019 at only $12.1 Million USD) as has been pointed out time and again, their estimates for the rate of business acquisition and the income from that business appear pessimistic.

The Moelis report also highlights the margins at 40%. Are you changing your mind about the company or picking and choosing Moelis details?

I'd highlight their price target is still 32 cents north of where we are, and again is conservative.

You'll no doubt reply that their evident 'inside' information in producing the report proves their credibility and accuracy when I'd say it just confirms how overly conservative they have been and lazy with the due diligence around numbers - how else to explain their selling prior to strong price rises?