Pretty impressive with what has happened in a year. It is hard to believe that a company can trade so far below its cash backing, but with management like GSW has it is not surprising.
I mentioned this a year ago, but the angel group I am part of had the chance to invest in the Joel & Bane's previous business (the booze business) and we passed. We were not impressed with what we saw and while we could have made a killing in the run, it was the right call.
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