It is probably one method of keeping the pps at the level you have agreed with clients. Easier to bear down and maintain, rather than permit an uneven spread which would deem to favor one client over another. If clients bought at, say 35 cents, and could be guaranteed 75 cents per share of tax free cash, they might just be content. Just trying to think out of the box, not least that I do not buy the PLM/Glencore conspiracy.
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