RE:FYE2016 FSIt is even worse than that... After taking out the value of our shareholder equity the offer is only about 2 x EBITDA. Also looking at the brief comments the revenue does not seem to include the new commercial product hat is yet to be revealed. As shareholders we are still in the dark as to the merits of this offer. As previously stated I think management is not looking after shareholder interests when proposing this arrangement in my opinion.
I think shareholders should be disgusted with this offer.