Quote:
Originally Posted by Enoch Root
Well a late 2nd is worth about 2 3rds, so no, it isn't providing anything with respect to the retention, in your example
I agree with your point though - it would be very difficult to extract reassonble value for any retention given on a 5-yr deal.
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That’s what I’m saying. We could retain on Kadri to make the market “larger,” but we’re unlikely to recoup any addition value for that retention.
It’s like dropping the price of a product. Which, increasing the market is great! You sell more! But we have one Kadri, so we’re actually just losing value.