Path forwardI believe FNC comes into play when KWG is in play. The path to controlling KWG is thru FNC. With the convertible debentures, FNC controls 1/3 of KWG's equity. A $600M takeover of KWG is $200M to FNC. That may have been the incentive for the recent private placement and a potential go private transaction before any action on KWG. Just my random thoughts....