So am I somewhat right in thinking that the tension that we are potentially caught in is this: that we are, on the one hand, hoping that revenue commencement will affect the pps in such a way as to minimize/ameliorate the toxicity/dilution, and yet, on the other hand, we are worried that the precondition requisite for revenue to even come into play as a factor (i.e. the 5,000 room mark) is - practically speaking - so far off that it might be quite difficult for revenue to have this effect before much of that dilution has done its damage?
And further, am I right in thinking that the recent debate between DMO and... (forgive me, i cannot recall the other's name right now) was basically about surmising how much dilution we likely have left to undergo? And that this would obviously be relevant to our worry because it addresses just how much dilution revenue commencement (or rather, its effects) would have to off-set?
(To the other fellow who debated with DMO. My apologies. I greatly valued both of your input, and my mental lapse here shouldn't be taken to suggest otherwise.)
