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sab63090

08/25/23 6:32 AM

#428445 RE: kund #428419

Kund:

size of transaction "suggests" a hedge to me, this is not a spec buy.....this protects a short position and possible favorable news

Although I am well aware of your negative opinion of Missling and his way of doing business, I think it might be a sensible hedge for someone carrying a large short inventory....some interests are calling Missling's bluff.