RE: LBI buy back???
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A sensible move in my opinion. Use the assets to provide buy support and help to push the bid higher.
Also I like the idea of burning the LBI. That helps to reduce the total albeit in line with the decline in asset backing. But it can be effective if the price moves higher (for each holder that is).
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I think so too task. Starting the buybacks just above current pool prices, but well below asset backed value, and creeping them up over weeks feels like the best way to be value accretive for holders.
I appreciate your comment and ongoing support.