As you know PMI recently announced a new investor ; do you think this new investor is Arch or somebody else to be announced ? Also the PPS seems pretty strong at around 0.03 and wants to go up but MM keeping it in check ; what is the future of us Commons in your opinion ? Thanks
There is value in the commons IF management of the holding company does the right thing and sues Arizona for control back of the operating companies. It is clear that Arizona is mismanaging the operating companies and is trying to give away assets in order to preserve jobs. Left intact, and managed in a proper way, the operating companies could pay all legitimate claims and eventually re-enter the market; left in the hands of Arizona, it is clear value will be given away and the operating companies will be gutted.