They still had about 7.6 million of equity as of June. And even though they lost 19 mill last year there operating cash flow was 4 million. If I had deeper pockets I would by the company myself. Let's see what the inept board says on Tuesday the 15th of October.
surely not derelict enough (bod, mgmt) to allow a Salus to own $100M + of nuts&bolts cash cow sales for $10M of distressed debt. If tbac was a little retailer with 200 crummy strip mall leases, sure, a ch-xx might make sense. note near zero SI, so no obvious equity play to make a bundle from a planned bk. jmhos, GLs to us equity!