They are non-core business assets so it appears reasonable for EZL to treat them in the manner in which they appear to be doing for the purposes of calculation of Enterprise Value. This does not rely on some niche definition as you suggest.
Even if it did we're talking about $8m-odd of unlisted assets here (unless you're objecting to the non-core listed assets as well?). Your initial reference to Client Cash was clearly an erroneous red herring. I point out again that your fundamental argument isn't with individuals on here but the company itself.
So now that you appear to have exhausted your spurious justifications for your claims that the company was providing an inflated calculation of Enterprise Value to the market, should you truly believe this still to be the case you really should stop trying to convince people on here that black equals grey and follow through properly and take this up with the company.
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