Yeah, the company would benefit from being sold and reorganised. But, no one will likely be willing to buy a problem that costs half a billion and years to unwind, then establish income, then break even on invested capital in reasonable amount of time. The problem is exacerbated by the fact that we’re talking art and not selling hamburgers. People might like the art, or may not, there’s just no way of knowing and no guarantees the artist understands the beat of the time. People like to invest in successful companies with a vision and growing returns. Conclusion: David and team are on their own when it comes to acquiring new capital and will have to first demonstrate a rate of improvement.
The trail of bad press from outside and meditative silence from the inside screams stay away to any potential buyers.
