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Penman1

08/31/18 4:33 PM

#34583 RE: JohnR767 #34570

Options
-

We can:

1. Eliminate a joint venture
2. Eliminate a financial re-structuring

This leaves:

1. A "strategic buyout" or
2. Piecemeal liquidation of assets

Of these last two, the second option appears to me to be the least likely. Now I'm thinking 70-30 strategic buyout, reflecting on all facets of the information across the board that we have.