Post by
4CommonSense on Apr 28, 2023 2:16pm
Another example of terrible decision by senior management?
Acquisition of Colombian Regulated Utility Business for $1.05 Billion and Concurrent $315 Million Equity Financing
if you look real hard you will find this tiny tidbit in the annual report
EBSA reslts for 2022 - Sales and Adjusted EBITDA of $64 million and $27 million, respectively, increased 9% or $5 million and 13% or $3 million compared to the same quarter of 2021, largely due to rate escalations,
no mention of whether this white elephant was above water?
What a great return on investment eh? pure genius or ?
The equiyt issue of sept6 2022 and resulting dilution and collapse ijn the share price is probably the result of having to pay for this white elephant investment
CEO et al have to go!