Hamky, don’t be surprised to see 20+CVR if BP buyer had bought in at this low price. Say they should have paid $20, but now got 10% share at 4, they can afford to pay more ($21.8) for the rest at 4x0.1+21.8x0.9=20. Any if they bought 20%, They can now pay $24 and spent the same amount of money.