Please, let's be respectful. I'm not referring to your opinions as "inane drivel."
I've replied to this point elsewhere. It's my opinion and I've based it on an assessment that this management team is going to destroy value. There is no shortage of companies out there trading below tangible book value per share, and a similar opinion prevails in those cases.
In this case, I've shared not just my opinion but my logic and certain facts that I've noticed. But you're welcome to have a different opinion.
8.25 in inventory based on them getting full value. Obviously you can't on old inventory and 50% is more realistic. If the future was Rocky medical shoes why is it taking them a year to get the product out. There is nothing earth shaking either in style or components. Seems like it is the old "look what I have next" but next never gets here.