RE: RE: RE: RE: RE: Double From Here? small correc Listened to the conference call, and got both my answers.
Namely, the minimum ebitda required for Bertram to receive any bonus is $5 million, with the bonus increasing to it's maximum payout if ebitda increases to $8 million, above which no additional bonus is payable. So to put it simply, for every dollar over 5 million in ebitda that Bertram can earn annually, EGD will pay 3.5 dollars in earn-out bonus. So if Bertrams ebitda for the yr is $6 million, the bonus will be $3.5 million, if ebitda is $7 million, the bonus will be $7 million, if ebitda is $8 million, bonus will be $10.5 million. Any higher ebitda entails no further bonus.
As for when the 3 year period ends (listen to Fred's answer to the very last question in the conference call), sounds like it's finished April 30, 2014. (his words were that there were 24 months remaining in the earn-out period). I guess the first year performance is slightly retro-active to the purchase date. Bottom line to me is that 100% of Bertrams earnings will start flowing to EGD's bottom line in Q2 of 2014.
Sorry about the excessive posting today, I promise I'll lay low for a while!
Gl all.