Agreed,
The pricing of the PP was derived from an average of 5 trading days,( I beleive thats the new rule) WHEN announced. In our instance I don,t beleive the PP could have been done any cheaper than the assigned 15-20% to what must have been the average price of around $2.10. It may not have been done with a discount and may have been negotiated when we were trading at that dip that time of $1.75 or so. They can,t change the pricing on the contract after it has been agreed on, so the pricing is $1.80.