Interesting stuff aalto - the cryogenics division is particularly interesting, though I don't understand the technology enough to judge its value.
I don't have any inside knowledge of the company, but not concerned about the management focus of the Hythane/Cryo division. They call themselves a Denver, Colorado company and Hythane's founder has a large holding in EDE (through Ganesha).
I'm sure that this is the primary focus of the company and the other assets are perhaps to provide investor appeal as a diverse entity (not such a great idea?), or perhaps spinning these off was always part of the strategy. Certainly I think the sum of the parts would be worth more than the whole in this instance, but most investors (like yourself) are buying for the Hythane story.
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