I read another poster's take on what the wait lists mean for ROFR in the near term, given the price increases. It was pretty interesting.
After two more buyers reported passing ROFR at VGC late last week at $93 and $95, she was wondering how Disney was passing these up with the direct price up to $165.
Then she proposed an answer - the direct price at VGC, at least for the next six months or until those who got on the list before the increase are all taken care of, is still really $130. Anything they ROFR until those locked in $130 people are sold to has to be looked at from Disney's perspective as having to make sense to flip to direct people for enough profit at the lower direct price.
This seems to make sense. The price at VGC is NOW $165, but it will probably be some time before Disney actually SELLS and COLLECTS at that price.
Still, I would think it would be in their interest to take back these low to mid $90s contracts if nothing else but to flip them to those on the list to clear them off so they could start collecting the $165 from newer names on the list, like your SIL who missed the cut off.
Almost $40/point spread is about where I was ROFR'd a couple of times a while ago, and the wait list for direct back then was no where near what it is now, so you'd think Disney turned a profit on those then, so why not now. Especially with the added benefit of moving up the $165 people to the top of the wait lists.