RE:The proposition of going private EBITDA is a meaningless nonsense number used to try to hide the fact a company is losing money. Making money is the only thing that matters and you don't.
Now as far as a takeout is concerned, it is not necessary. The prime creditor that Peter went out of his way to get into bed with now owns all your tangible assets. If they had a closed door understanding then all they have to do is call the loan. The company is then privately owned and you are left with an empty venture shell. I hinted at this many times. If you like I am willing to bring up some old posts about him blowing a boat load of your money and taking on a higher interest rate to get into bed with them when none of that was necessary.
Guys, your attitude is what got you into this mess. Open your mind and start seeing things for what they really are while you still have 2 pennies to rub together.
And deep down inside I know I once again watered a rock.