Well you’ve basically justified my argument. I said debt is about $60m and you said $65m big difference right. But the assets are actually valued higher than I thought so please explain to me how a pps of $0.20 which would value the company at about $25m would be acceptable?
My point is debt holders would not have forced this strategy to lose money. They know the value of the company better than we do combined. At the very least company value should be at $70m based on your post which puts pps above $0.60 with little left for shareholders. I’m sure the board wouldn’t have rejected all previous offers to simply turnaround and sell just to share net proceeds of $5m (based on your numbers) imo
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