Wednesday, July 15, 2020 2:10:19 PM
I don't believe the company is profitable now, or that it has a path to get there with its current leadership. Drex propped it up for years, and now there's the PPP $$. When that's gone, it either needs some sort of recapitalization, or a divestiture - I think Drex goes for the latter.
The two questions I have: 1)whether it'll be a break-even deal for Drex (not including salary and interest already paid) at $1.11, or if he'll hold out for more; and 2)whether it goes to someone like Wynnefield who tries to make a go of it as-is, or to another tangentially related company looking primarily for distribution channels.
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