Excuse me I didn't say Centerline had $20M in tangible assets. their customer base and the 80M of profitable business is the asset. Now prove me wrong on the "profitable business". You see the knife cuts bothways and I claim some money had to come from there to get as far as we did before running out of cash. If it didn't come from there where did it come from?
If your a big believer in Ocams Razor you have to go straight to the most likely.
And the expenses suffered during this period have been sever. Paying for an internal audit, and the legal defense of a silly slap suit had to drain much needed the cash from the company.