JanOne Inc (JAN)

[Principian]

Definitely not an "Arm's Length Deal" that is for sure. You have not just Tony selling this to his son, but several executives of ARCI and board members are also part of this Live Ventures. The deal was valued more on Book Value than on other classic valuation models. Most deals like this would have been structured on paying a multiple of the Revenue Stream or Operating Earnings. They do seem to be looting this company in classic fashion. And come to think of it, if you are going to exit such matters, just possibly putting a loser like Gregg in charge to go down with the ship just might be the plan.