The strange thing is the percentage of lag in value should be lesser as the sp of EDE rises, but instead it has widened to almost 50%. So if EDE were to become a $10 bil company, at almost 50% lag in value in asset backing for TAS that would equate to a couple of billion dollars discount. That's like buying something with a liquid value of $4 billion for about $2 billion. I know who will be taken over first if that were to happen.
So my conclusion is the percentage lag in value of TAS's asset backing should narrow as EDE rises in value - not widen!
The strange thing is the percentage of lag in value should be...
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