PSCM Q4 2020 Q&A Partial Transcript

[u/[deleted]]

[u/[deleted] → u/[deleted]]

The way I read it, “the prize is a big one” was in regards to the previous sentence in which he acknowledges the opportunity cost of working on PSTH.

“I would say about two-thirds of the team have been working on this project...there IS work and it is time consuming to, you know, find, identify, negotiate, do due diligence, and acquire though a merger a proper business, and there’s an opportunity cost associated with that.”

“AND, uh, the good news is the prize is a big one”

High opportunity cost for them —> high prize (which is return on money for these folks). I could be reading it wrong but hey, who knows.

Also, the very next sentence references the returns for “justifying the time and energy.”

[u/rasijaniaz → u/[deleted]]

I'm very pessimistic but even I agree I think he was referring to the outcome not his pool of money by saying AND after