Phi Delt Liquidity Problem

Alright, let’s address the elephant in room — Phi Delt’s crippling liquidity crisis. We’ve been running stress tests on the balance sheet, and frankly, the results are worse than a regional bank in 2008. This house is operating with negative free cash flow, a debt-to-keg ratio that’s completely unsustainable, and a liquidity profile so weak, they might as well be issuing IOUs for beer at this point.