RE:RE:Protech Home Medical Will Breathe Life Into Your PortfolioQuote article "As the company has been reaching out to US investors, they have increasingly heard that their structure, which includes all sorts of debentures, warrants, capital leases, etc., has confused or perplexed many investors. In fact, many people with whom I have spoken believe this capital structure is the primary reason for the company’s EBITDA valuation multiple being so depressed compared to industry peers."
Pretty understandable standard stuff for any investor. Note he left out the 10mil or so cheap options. The capital structure is an overhang, Period. Investors know that.