SGMA doesn't much matter if they divest all of it. They have no operational responsibility so there will be no more cash going out the door. Retaining 20% is just their way of dividing the write down into multiple pieces kind of like slicing up a pizza. Eventually it will be written down to zero and its worth zero now. I don't currently own any but need to look again.
Positive news on SGMA and nice pop on the stock. Still no explanation of why the heck they did this bonehead Wagz deal in the first place. Missed the top but I sold my small position, feel like I'll be able to buy back lower in this market.
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