RE:RE:RE:RE:RE:Question on financing growth$8.37M - Q4 2015 EBITDA
$5.66M - Q1 2016 EBITDA
$5.11M - Q2 2016 EBITDA (exclude share based comp here too)
$2.01M - Q3 2016 EBITDA
$21.15M EBITDA + $3.5M (EDM facility savings) = $24.65M EBITDA
FYI I add back share based compensation as it's non cash.
Q3 Reconcilition
-$1.865M - Net loss
$0.988M - Amortizarion of PPE
$0.517M - Amortization of intangible assets
$0.142M - Share based compensation
$1.787M - Provisions
$0.111M - Amortization of transaction costs
-$0.506M - Income tax recovery
$0.838M - Interest expense
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$2.012M EBITDA
At the end of the day if this stabilizes at $20M EBITDA (arbitrary number, no logic chosen) this stock will still generate $1.67 EBITDA per share. More than enough to cover debt & have enough cash left over to do acquisitions. Also like I said before, maybe a bigger player wants their EBITDA and will take a run at trying to steal the company for cheap. DirectCash Payments (DCI) was $12 for quite awhile and it was an ATM company that was dealing with the world going cash less (who needs ATM's right?). Well they just sold themselves for $18 per share. The market is usually horrible at assigning valuation.