Oof that's even worse than I was expecting. Is it even legal for them to keep trading like this? They've already had their own accountants give them a negative valuation, now it seems like they're basically trading while insolvent. It'll be interesting to see what "consolidation" looks like. I think they're gonna have to choose between one of their two babies, reduit and lubricen. I think killing reduit makes more sense, although it'll also make Paul Peros's entire involvement with this company seem fairly pointless (ditto the entire olympic team, in fact). Lubricen was already fairly advanced under JE.
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Oof that's even worse than I was expecting. Is it even legal for...
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