RE:RE:RE:RE:RE:RE:4Q Earnings There wasn't 2 mil in EBITDA - there was 2 mil in "normalized EBITDA," which is a BS arbitrary and manipulated measure that doesn't mean much. True EBITDA was about 1.2 mil, or 2 cents per share. This isn't bad necessarily, and we are in a strong balance sheet position. But normalized EBITDA is a deceptive measure.
The severance payment literally reduced our EBITDA from 3 cents/share to 2 cents/share, which makes me pretty mad considering the share price didn't really go anywhere under Moss' leadership. In Ontario you are entitled to 1 week of severance payment per year of service. Why did he get pretty much 2 years of severance? This just smells like typical executive greed. Do they give all of their employees 2 year severance? Probably not.