Hopefully you're right.
I was about to say that we don't know enough to judge whether the offer they made Lester was dumb or smart. If it was 5/100, that's dumb. If it was 6/150, that's also dumb. But if it was 6/126, that seems about right - and as you say, that wouldn't be their final number. We also don't know what else was said when they met, about where things go from there.