RE: Trading at less than cash valueRock if you believe what you are typing then you are a bigger fool than the people who buy shares based on what you say.
Working capital including cash is $7,000 or 0 cents a share over 7.15 million shares. Of course your story sounds better when you ignore liabilities. Always a pumper rock.
From the Q1 report "The Company maintains a high cash position which is offset by its supplier payables, as well as monies held on behalf of its franchise owners National Advertising funds."
https://www.sedar.com/csfsprod/data52/filings/00733857/00000001/e%3A%5CAGCap%5CQ1-2005-FRanchise.pdf