I love the way people keep trying to change the question to fit their answers
Not the way I see it - my whole argument is that you are buying into a group with assets and I was just changing the way those assets are in the group, in order to show the same argument from a different viewpoint. To my mind as I said before it does not matter if the group assets are in aircraft,cash,hanger or the group teapot - after all, if you got a group together and each put £5,000 in to buy the aircraft you would not let someone else join free just because the market value of the aircraft you have is zero!