what you are saying could be true - that's an assumption you are making that b is what is true. and truth is right now we're giving away a chunk of the pie and hoping for a better result. Its' the equivalent of an auto driver saying after you have got in for an extra amount upfront (remember dilution happens today) and promising you that he will make your ride far more comfortable (hope). Money goes out right now and one has to live on hope.
I hold thomas cook and its unbecoming of someone like prem watsa to change the rules of the game in between. That said, I am not irrational and I will add more if thomas cook falls below 190.