Interesting, pCap.  The article suggests Baku isa looking for an...

Interesting, pCap.  

The article suggests Baku isa looking for an investor, not to sell out.  Reality may be a little different.

If PGR genuinely wants in, it could probably afford it.  Useful synergies and opportunity for bathers brand positioning from edgy triangles to matronly cover.

We don't know what other licensing etc opportunities PGR is brewing.  There are trades available - likely to be cheap right now, though likely to get cheaper as the economy stalls.

HY not due till ~22 Feb.  Meanwhile, trading volumes and interest are thin.  It might go lower.

Ash