Throwing in the towel now sub cash backing at a loss is a...

Throwing in the towel now sub cash backing at a loss is a certain way to lose money.

The fact is if and when MSR get the VGP, all these sellers are going to be trying to rush back in, only to find they'll be paying a lot more for the same original holding, while also foregoing 50% CGT discounts on parcels that may have been held longer than a year.

I wouldn't be surprised to see RSG come in and start buying on market again.