Cluster

An announcement is coming this afternoon

Something about targeted closings, forecasts,

assuming of sales, royalty revenues, gross proceeds,

multiple metrics, range of approximation, land

holdings, future spending, and commitments.

Watch how rank can be stronger than peers. More

details will be provided at the closing of this transaction.

Defer any major decisions. Resume spending and

expansion. Deploy capital to improve physical

integration. Main concerns are related to potential use

of proceeds. Return to historical capital, ongoing

internal changes. There is an implied discount.

Proceeds and recommendation remain unchanged.

Continue to rank. Repeat. Buy. Press Release.

FromBrokerage Report I inClusterby Souvankham Thammavongsa 2019. Published by Penguin Random House.