The Ending Cash (2/28/26) was 109 million. The cashflow from 1/1/25 to 2/28/26 excluded distributions increased from 110 to 278 = +168 millions. This is an increase of 12 millions per month or 144 millions per year in the future. Let´s take a multiple of 14 (Nols, tax free). The valuation based on the cashflow is 2 bill $.
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