Hey everyone, just a quick question please. Sorry if it seems obvious

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Two people had just left Friday's meeting.
One said to the other: "What do you think?"
The other replied: "It wasn't as enjoyable as last weeks meetings."
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Does this sentence actually mean (I think it does):
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Two people had just left Friday's meeting.
One said to the other: "What do you think
[of Friday's meeting]?"
The other replied: "It
[Friday's meeting] wasn't as enjoyable as last weeks meetings."
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Is there anyway the original sentence could mean the following or is this an incorrect interpretation?:
???
Two people had just left Friday's meeting.
One said to the other: "What do you think
[of last weeks meetings]?"
The other replied: "It
[Friday's meeting] wasn't as enjoyable as last weeks meetings."
???
I assume it is incorrect for the following reasons, would anyone agree?:
1) As the two people had just left 'Friday's meeting' it is much more likely the "What do you think" means "What do you think [of Friday's meeting]" referring to what they have just done.
2) Am I correct in saying the 'It' in the answer sentence must always refer to the question subject? For example this should be correct:
"What do you think
[of Friday's meeting]?"
The other replied: "It
[Friday's meeting] wasn't as..."
Therefore the sentence interpretation surrounded by question marks (above) could not be correct as the 'It' referrs to 'Friday's meeting' ("It
[Friday's meeting] wasn't...") and the subject of the question sentence is 'last weeks meetings' ("What do you think
[of last weeks meetings]?").
Thanks guy's and thank you very much for your help on my previous posts.
