I think you can add to that the flawed assumption that retailers...

I think you can add to that the flawed assumption that retailers can't maintain a permanent working capital deficit.

I never made that assumption.

What I said was that a working capital deficit needs to either be 1) rolled (which doesn’t mean cancelled) by using available credit lines, or 2) covered by free cash flow, or 3) financed by issuing new equity.

You really need to read and understand what was posted, before making baseless comments such as the one above.