I don't follow FH logic that an improved milk price is good for Synlait Milk float. It should be good for (Unlisted) Synlait Farms Ltd. but the reality here has also been that Synlait Farms on Unlisted has been a total failure in terms of improving liquidity--3 transactions at 35% discount and now only one very small bidder at 40% discount to asset backing.And that was the position even before a float of Milk was raised. The 3 substantial private holders of Milk and Farms haven't then achieved any access to funds which it seems Milk needs and which has been a continuing difficulty for Milk.I would have thought a full float of Farms might have more appeal to the market than Milk remove the current discount Farms is suffering and give the principal shareholders some breathing space.