JanOne Inc (JAN)

[againstallodds]

No reason to sell above book value here

At the end assets value should remain the same, or lower as ARCI
Proved to sell UNDER BOOK VALUE in the past

Post selling, quality of the assets will be greatly reduced and be composed mainly of untangible assets (air assets)

Your calculation is not quite right and should account for the prefs shares with 100:1 conversion ratio in common shares that will dilute the current commons. Once converted, they will account for 80% of commons and are held by insiders

Please resubmit your simplified scenario on a fully diluted basis

Not qualified offers presented mean nothing.