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re: why is it selling at a discount The main risk being factored into PMN’s share price IMHO is that if SUN’s price drops (highly likely...and 5.7% gone today) then the PMN script offer is considerably affected…That is what the market is allowing for in the current share price ...Also consider SUN’s share price has had a takeover possibility premium priced into it… so as the likelihood of a takeover lessens the price will drop and consequently so will the extrapolated offer price for PMN holders…Now as a fellow PMN holder I would love to see a third party come into the equation, that would certainly ramp things up.