GREY:LGLTF - Post by User
Comment by
CharlesMadoffon Jun 23, 2015 4:01pm
174 Views
Post# 23860854
RE:RE:Comparing LOY (SELL) with MBA (BUY)
RE:RE:Comparing LOY (SELL) with MBA (BUY)Loyalist purchased KGIC for $13.5 million...this should have been a huge red flag. KGIC's trailing 12-month revenues to the end of August 2013, are expected to be over $25 million, with adjusted earnings before interest, taxes and depreciation and amortization of $2.7 million. The total purchase price for KGIC and KGIBC was $13.5 million, of which $9.5 million, subject to certain closing adjustments, was allocated in cash at closing. The remaining $4.0 million of the total purchase price, subject to certain post-closing adjustments, is payable by Loyalist by way of a non-interest bearing, secured, subordinated promissory note due March 17, 2014.