A problem I see with JDM is that the size of their portfolio of taxpayer clients has become so large that their need for FT shares does create some kind of rarity, esp, at year ends, so that the question of quality risks to look secondary: when they ought to fill the line-up of their newly created LPs one after the other, they may be less drastic on the requirements... Or it may turn to the interest of the Issuer: "You said 25% premium on market price and no warrants for this one, Sir? Arghhh...No choice, I need them, put them in the trunk!"

GLTA.

BaBe.