EBITDA BS
MM, an EDT shill, like others on this BB, like to sell the EBITDA BS, along with other dubious claims and projections, while brushing away the history of the company, it's lies, false promises,past and current management problems and the hold that EDT's backers have on it and its SP. Those backers will have first hand knowledge of any positive news before the open market, and if that news is ever to be an upcoming FDA approval related to an interesting future cash flow, will just swallow the company at a very very very cheap price before you have the time to say "I think something big is coming", and you will never hear of M$M, his Accuntpice and their chearleaders ever again.
This is what Warren Buffett had to say about EBITDA:
“When CEOs tout EBITDA as a valuation guide, wire them up for a polygraph test...
…references to EBITDA make us shudder – does management think the tooth fairy pays for capital expenditures? We’re very suspicious of accounting methodology that is vague or unclear, since too often that means management wishes to hide something...
...… full reporting means giving you the information that we would wish you give us if our positions were reversed. What Charlie and I would want under that circumstance would be all the important facts about current operations as well as the CEO’s frank view of the long-term economic characteristics of the business.