Hi Miles .... I made a mistake on thinking Arrovest was another company where the deal fell through. It is actually the Perich family entity.
Still I am not reassured.
That market cap of $835M (and higher) turned out to be based on years of deception.
I don’t feel there is any use in referring to it except as a shameful memory.
And I don’t know what real value is here, but I do know there are plenty of competitors to the Milk Lab brand entering the market on a regular basis.
I agree with you the business is at the bottom and fundamental performance from here on will either keep it going or not.
(Although even in the best of worlds how will it ever become a “great food and beverage company” without multiple years of effort and multiple cap raisings)
Good luck
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