GREY:CRIUF - Post by User
Post by
SirHumpsAloton Feb 28, 2018 3:03pm
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Post# 27638525
Found this in the financials
Found this in the financials Distributable Cash excludes $17.2 million in costs relating to the legal reserve and associated legal fees relating to the pending litigation and regulatory matters. Including these costs would have resulted in Distributable Cash of $24.3 million for the last twelve months ended September 30, 2017, representing a Payout Ratio of 104.9%
So even added back the payout is 104.9% and that is a massive one time expense. The prelim settlement is to a maximum of 18.5 million. They put the money aside to be able to absorb the blow and continue moving foreward. Also, that 104.9 percent was for the 12 months ended Sept. 30. The company has 5 more months operating behind it since those financials.