Just my two cents - MBA 101 Think in terms of opportunity cost - whereby Jim's talent, experience, network, and access to capital is an investment. Why would he focus that tremendous potential and resource on turning around a near bankrupt Aloe company? When he could take that "equal investment" or effort and put into ventures that would be far more profitable. This is a smart man and there is some form of extraordinary value here or he wouldn't be working 24/7, per Sam's tweet. Is that a R/M, I don't know, but that would make the most sense considering an IPO would run close to 1M to execute (including under writing). Especially considering he probably picked USFM up for a song and dance and it has an excellent stock structure and was previously traded on the NYSE at $20 per share - not to mention a great marque name and good product line potential.
Do what you like, but I don't argue with success. Especially when it comes at the hands of a man with this type of acumen. Call it stupidity or blind faith, but I am long and strong in USFM at the tune of 1M shares. So time will tell if I am a fool or not. Regards, Jim