https://www.reuters.com/markets/us/...rands-files-bankruptcy-protection-2025-09-29/
See? This is what happens when you remove the wired backing from the FRAM Ultra.
0.1 and 0.2 is their Current ratio, meaning for each dollar of liability they have 0.10 or 0.20 cents in assets, this is terrible. They over leveraged themselves and I would say that their inventory (which is an asset on the balance sheet) needs to be re-evaluated for sure before they begin liquidation (if it comes to that). Then you need to address their property, plant and equipment (another asset on the balance sheet) and see how much accumulated depreciation has been incurred over "X" amount of time, this will definitely have an effect on their overall asset values.
Anyone want to go 50/50 on buying Fram out entirely? My best offer is $15 bucks and I promise to bring back the wire backed Ultra.
See? This is what happens when you remove the wired backing from the FRAM Ultra.
0.1 and 0.2 is their Current ratio, meaning for each dollar of liability they have 0.10 or 0.20 cents in assets, this is terrible. They over leveraged themselves and I would say that their inventory (which is an asset on the balance sheet) needs to be re-evaluated for sure before they begin liquidation (if it comes to that). Then you need to address their property, plant and equipment (another asset on the balance sheet) and see how much accumulated depreciation has been incurred over "X" amount of time, this will definitely have an effect on their overall asset values.
Anyone want to go 50/50 on buying Fram out entirely? My best offer is $15 bucks and I promise to bring back the wire backed Ultra.
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