Paau this will be a quick one. I mentioned I thought I was good at math but after your last post I may have to rethink my comment. 

The only point I wanted to touch on is point 2: The 88% for Tenor and 12% for shareholders numbers are incorrect

I've seen this number before in the document but it was a long time ago. I didn't question the number. In order to make this comment you must have different numbers to be able to say the number is wrong.

What is the correct number?

Most of us here struggle to know what the real number is. It may be in the documents but I haven't found the figures and I certainly don't know the formula you are using.

Thanks

JJ