IB
Ask me if I thought we would have been in this situation on the prior issue
And the answer is NO
Ask me if we will be in the same position in 3 years time
I don't know
But if we are in the same position and one had taken the capital risk route
Then yes if we are in the same position in 3 years
You would not be converting and therefore your 3 year ELF commitment would have actually been totally FREE
Again the way I understand it could be wrong the finer details are not in print
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