Robert Armstrong
👤 SpeakerAppearances Over Time
Podcast Appearances
He's going to get his own podcast soon, which we should talk about at some point.
So he'll have his revenge on us for saying this.
In any case, that all goes terribly wrong.
A few weeks ago, I mean, they haven't even reported any financials since the third quarter of last year when they were burning cash at a historic rate.
And then they sold all the assets.
They're like, we're doing an asset sale.
We sell the brand to somebody else.
We're selling the inventories.
I should know, but I don't know what's happening today.
They have long-term liabilities, lease commitments, long-term debt or whatever.
So it's like this shell with some liabilities in it.
The assets and a few of the short-term liabilities have been sold off.
And then, drum roll, please.
They did fill up the whole bullshit bingo playing card in like one sentence there.
They win the prize at the church raffle after that.
It's 100 million plus, I think.