RE:RE:Combination with BLVD?40 cents?... Nothing but incompetence here.
Total General & Administrative Expenses: 4,248,355. That's G&A for last year. Or just slightly less than 5.5M, which is cash on hand (after removing short term liabilities). 1M was due to terranova so 3.2M.
Total consideration paid 9,072,259 for RBP Healthcare. The acquisition generated revenue of 565,206 in 5 months. Paying > 6.5 times sales. But in its June 29, 2016 release it stated that it had contracts in place to produce up to 3M/year is revenue. Edward Brann was part of this deal and it a terrible acquisition.
This company is in a death spiral. The only ones not too oblviously to see that, are the ones calling for the company to liquidate. If the company doesn't liquidate, it's hitting <0.06/share which is approximately the cash on hand after removing this year's G&A's expense.