You did come up with this conclusion all by yourself, Einstein? Look this business model is not viable on its own. Supply managment requires integrated logistics and the finacial resources to float receiveables. Did you read the article in the WSJ that companies are taking up to 90+ days to pay their suppliers.
Key issue is what does Steel do with this CO add it to hnh or dice and put mgt in place that creates SH value. Basically why does Steele want this its probably tax carry forwards and potential turnaround or sale of the CO The L man is one smart dude saw him take WXCO to HNH 4,00 to 15..Nice but he has holding COS sitting around looking for investments like cosn and others its a enigma..SOUNDS DANGEROUS COUNT ME IN