OPCO is a story of consistent profitabilityOPCO is a story of consistent profitability, see the picture below from the latest presentation at the AGM.
Estimated EBITDA this year is about $3 million.
Net debt in Q1 was just $850,000, so leverage is well below 0.5 times.
Free cash flow in Q1 2018 was more than $1 million.
If OPCO generates the same amount of free cash flow in Q2 and Q3, which is very likely because Q1 is its slowest quarter, OPCO will more than cover the net debt of $850,000 by Q3 and its net debt will become NEGATIVE (cash more than the bank debt).
