text: No. Here are two of your comments:
  
  1. In my opinion it is still worth very little.
  
  The recent sale of ? 10% of its mortgages just demonstrates this...
  
  They got ? 97cents on the dollar.
  
  They have (? how much) outstanding bond debt, and that nasty HOOPP loan...and still have to pay interest on the $12 Billion of GIC's....never mind somehow replacing them as they come due.
  
  Do they have $3-4 Billion stashed away somewhere in cash ??
  
  2. I believe that,as a lender,the majority of that $$ is to meet mandatory regulatory $$ levels.
  
  In other words it is not "available" cash...
  
  If they liquidated the rest of the mortgages somehow....and then gave that $1.6Billion back to HOOPP....I guess they would be OK.........
  but worthless.
  ***********************************************************************************
  
  "Worthless?".....nice call.