NYSEAM:AEF - Post by User
Comment by
gharrison1on Mar 26, 2018 9:31am
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Post# 27780287
RE:RE:RE:Low volume
RE:RE:RE:Low volumehttps://www.businesswire.com/news/home/20180308005638/en/Acasta-Update-Stellwagen-Sale-Ongoing-Strategic-Review
The Special Committee has unanimously determined in good faith that (a) Acasta is currently in serious financial difficulty, as absent the closing of the Proposed Transaction, Acasta would be unable to make the Principal Payment at the required time, and (b) the Proposed Transaction is designed to, and will improve Acasta’s financial position, as all available cash proceeds to be obtained on closing will be used to make the Principal Payment and will improve Acasta’s debt to EBITDA ratio, which is estimated to be 5.15 as at December 31, 2017.
https://www.stockhouse.com/companies/bullboard?symbol=t.aef&postid=27690800
If my post is correct, then something materially negative happened between Q3 and Q4, and Q3/17 financials may not be a reliable gauge for company valuation.