RE:RE:RE:RE:Updated estimates of FY2022 financescolourama wrote:
Hi Torontojay, thanks for your analysis. Are you including the $6.3m in cash the company has in your above numbers? I am assuming that the -$5.73m is their existing net cash (cash - debt) prior to the current acquisition price of $14.5m, but thought I would double check where you get this number from.
Unfortunately, the share price is telling us that the market is extremely negative on the company's prospects. It's been an absolutely terrible year for shareholders.
Hi Colourama, from the latest financials the sum of debt (long plus current= $ 11,153,460)
and the sum of lease liabilities (long plus current= $ 933,020)
- cash on hand ($6,352,272)
= $5,734,208
I added $14.5 m (the maximum amount) from the acquisition which is the enterprise value of the company as the purchase price is based on a cash free debt free basis.