There is a good chance that IPSU will sell its portion of Wholesome by the end of the year (the other partner wishes to monetize the asset). This event could generate IPSU anywhere from $50 to $100 million to its coffers. They could use the monies to possibly buy back all the shares,effectively taking IPSU from a public entity to a private one.
You'll find the earnings for WS on the top of page 11 in the 10-Q. Note 9 other income(loss) from equity earnings. The lower section of that page shows Numbers representing ALL of WS's revenues and earnings INCLUDING those of the other owner.
Krieger lives in a fantasy land where he pulls big numbers out of his ___ when he wants to paint a rosy picture. The fact is IPSU's ownership in Wholesome Sweetners has produced an average of 575K in earnings over the last 7 quarters(wide range from 1,222 K to a negative 1,192 K) which annualized comes to 2.3 mil. The question is what does one pay for that type of earnings stream? Krieger fantasizes that someone would 20-40X for it. I would suggest 6 times might be reasonable but in a fire sale situation you might have to accept 4 times to get the deal done. Also, how many players out there would actually be interested? P.S. Krieger won't justify his numbers, he's just blindly pumping.