Well, they could sell their pile of cow dung and the whole cattle business. What's it worth in their books? Except that.. ..they won't. I assume there's no equity they can sell.
They had aquafarms "worth a lot of money". They "sold" them and shareholders got nothing. How's that equity from shareholders point of view?
They have businesses running according to their stories. Why they won't get loan, why there's no money?
They are frozen, only way to go "forward" (=keep the appearances up) seems to be to get new investors or new loans. Nothing they have created has value or creates profits for shareholders.
To a shareholder, that's same as having no equity.
Zero has painted vivid images how things might be in real life. Their (lack of) actions support very well those.
Their own view of their equity and profits from the business don't match at all with what happens in reality regarding money, share price, capability to get loan, development...
