RE:RealityThe reality is that GFP has a daily cash burn of about $500k per day.
How much longer can that go on?
Their assets are currenlty only worth 25% of what they paid for them.
That's the lumber market super cycle that Paul Rivette and even Rick Doman underestimated.
Unbeknownst to Stockturd454, book value (historical cost) of assets don't mean much to bankers when GFP is trying to increase its borrowing limit.
The current liquidation value is below what GFP owes its secured creditors