The valve with the magnet is completely useless and more than annoying. The previous design allowed it to fold up and stay safely inside - now it just hangs there and dangles forever. Even closed it doesn't stick where it should. Too bad the price has gone up and the design and build quality have gone down. There's no way the people who designed this thing would ever use it. And despite the advertising, it is as far from military level as possible.
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