PES pepper residential securities trust no. 21

do we sell on-market at $8.35 now, or hope for a higher bid from...

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    do we sell on-market at $8.35 now, or hope for a higher bid from Arrow?
    obviously, if Arrow pulls out of race, then PES s/p drops back to $8.00 (or probably just below).

    having said that, if AOE pull out - but if AOE and Shell don't sell into the BG bid, then PES s/h can sit back and wait for AOE and BG to come to some arrangement.
 
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