RE:PPE Supplies: The market values defensible IPR. They do not see the PPE as such even though it's cash rich. Whatever. Once the technicians have their vaccine shots - gloves or not - we will be back on the track aggressively. I think February maybe?
You make a very interesting point on the size of the cash flow from PPE though. Solvency works well when youre buying companies. This more than offsets the shelf loan I think.