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ChrisCook:
redeemability of Units massively increases liquidity
Subject to the issuer having enough "product" in stock at any given time to redeem the units on demand.

If you monetize several years' worth of production there will be trouble if everyone decides to redeem their units at the same time.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Migeru (migeru at eurotrib dot com) on Mon Jul 13th, 2009 at 10:27:41 AM EST
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