The idea of super profits is that the excess profit is available...

The idea of super profits is that the excess profit is available for all stakeholders. Thus maybe (probably to some/many) management are getting a share early but the rest will still accrue and be divided by other stakeholders. (Unfortunately, this was the argument behind the MRRT). It would be quite likley that the entrepreneurs the board and managemnt would get their chop early.

A corrolary is that in PEN, the extremely astute and shareholders (e.g Vintage and Reichann) will get a benefit of of a proptionaltely large quantum.

As an aside, when I work with particualry intelligent clients, I commonly find the return of combination of my advice and their intelligence, is a few percent higher than the result for my advice alone for uninvolved clients.

Given the observations above, could I again request more of the usefu and inspired inputs and less of the frustrated gut reactions.

Sepatrately can I thank (in advance?) whichever of PEN posters who drew my emphasis to PEN from TOE I forget whoever the gentleman was (sexist I know) and the rest of you who gained my confidence. I've been in PEN since sometime after Fukushima. In U since before the big price spike in 2009?