Selling for a profit they say... over book value they say... what they don't say is that book value has nothing to with fair value let alone market value.
Remember this in the 2018 Annual Report... the book value of the JV was just that, they paid overs for it and chucked the difference to goodwill and then proceeded to write if off within 12 months. So calling it a profit/gain on sale is laughable. Now they want to sell it back to the vendors?
Lol sounds like Nulac vendors shorted the begeez out of this and now want to cover (buy back) at a lower price. Also remember how you shareholders paid the former CEO a bonus essentially for buying Nulac i.e. based on gross sales.
Ann: Bubs Sells Interests in Joint Ventures, page-10
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