RE: RE: RE: RE: TheRock Dividends would have been paid in full from Q3 cash flow.
Cash flow during the third quarter we can estimate around $5.5 to $5.8 million when amortization is added back.
All Q2 dividends were paid by June 30, 2012. The dividend during Q3 is ~$1.2 million. The special dividend of $0.26 is probably about equal to Q3 cash flow, or slightly less.
$35 million - $14 million AP - $1.2 million dividend during Q3 = ~$20 million "cash", or about $25 million working capital when inventory and prepaids are included
$20 million cash + $5.5 million cash flow from Q3 - $5.2 million dividend (special dividend) - $2.0 million share buyback (where do you even get this number) = ~$18 million cash, about $0.90 / share, throw in the working capital of $5 million and we are still looking at $23 million working capital or about $1.15 / share of positive working capital on the books
The only thing that changes was that the share buyback wasn't accounted for - and I don't know where you got this $2 million number, AM buybacks didn't seem to be anywhere close to this high, but I wasn't paying close attention to Canadian Insider.
so tobuyornot, did you just completely "miss" the $5.5 million of cash flow in Q3?