Current assets of discontinued operations, held for sale 175,950,575 144,751,290
I think the commas are further to the right than they should be - there is no way their assets are going to be worth anywhere near that & the company should back up the valuation they are claiming on these held assets.
That's said, there's no point in selling this currently near-worthless stock except to take a loss, which can be done at $0.395 or $0
I'm certainly not going to buy any more shares and wouldn't advise anyone else I knew to buy, but I don't see much point in selling at this point. Sometimes crazy #$%$ happens.
You need to also include the current liabilities of discontinued operations: 169.9 million and 138.4 million
The assets and liabilities have been sold - waiting for settlement which will clear some of the related party items some seem worried about (I note them but am not as concerned as some seemed to be on the conf call)
Settlement will free cash allowing any purchase to proceed.
Looking (hoping?) for a pop on any purchase announcement. Also expect ZOOM to run-up before next earnings announcement in anticipation of good Portables numbers - management made it a point to raise expectations for Portables on the last call.