Originally Posted by
Flownit
why didn’t retro last cycle incentivize them this time?
Good question.
And let's not forget that little Black Swan pandemic which froze the world and our negotiations for over a year while we were sucking on government teet.
One side of the table would state: "Well, if you had agreed to our ask in 2019 we would have had a deal. Therefore we should be receiving retro."
The other side of the table would state: "Well, your ask was so astronomical there was no way we could agree to it, so why should you be receiving retro?"
So now, the pertinent question is: "How close is this TA to our ask?"