<div>Dear all, <br></div><div><br></div><div>In this letter to ICANN's General Counsel, the Packet Clearing House warns that under Ethos Capital's management of PIR, "the decreased operational spending necessary for any commercial purchaser to break even would result in an increase from zero down-time to, on average, slightly more than three days without service each year."<br></div><div><div><br></div></div><div><a href="https://www.icann.org/en/system/files/correspondence/mitchell-woodcock-to-jeffrey-12dec19-en.pdf">https://www.icann.org/en/system/files/correspondence/mitchell-woodcock-to-jeffrey-12dec19-en.pdf</a><br></div><div><div><br></div></div><div class="protonmail_signature_block"><div class="protonmail_signature_block-user"><div>Best wishes, Ayden Férdeline <br></div></div><div class="protonmail_signature_block-proton protonmail_signature_block-empty"><div><br></div></div></div><div><div><br></div></div><div><br></div>