Correct. I was trying to bargain for that Cobb, but there was no way that the dollars I would be willing to risk for that Cobb were going to make it worthwhile for Jeff. Jeff wanted more upside, but I was not going to bet that there was a more than 20% chance they would all walk free. Frankly, I think that 20% sounds about right.
I do disagree, however, about your point about the confidence of the position. If I'm confident in my position, I'll give you 25:1 odds or better. 5:1 is a real horse race.
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