"I think his assumption was that the last few days would have been a dandy time for the mfo to sell and commons they owned."
That may be true but it's far from what I understood him to be saying. " Potentially big $ in mfo conversions. ? " "Wouldn’t item ii in the alternative purchase price calculations offer the mfo a pretty good price?"
Both of those seemed to me to refer to buying via conversion by MFO, not any selling by them. That's why I asked him for a clarification.