RE:aggregate purchase price of $18,700,000The memories, as we hit an all time low of 1.5 cents per share.
Purchase price of almost $19 million for something that has been transformed into something that after 3 years in the Q1FY24 generated about half a million dollars, a several fold increase from the same period last year.
I could not be bothered to calculate the ratio of the multiple to the EBITDA that they paid for this. For some businesses a fair acquisition value is somewhere between 4 and 6. Not sure how many zeros have to be added here.
Amazing to me that Proctor, given his age, would not take the graceful retirement way out of here. But then again, I don't know what goes through the mind of an individual making $3-$400K while having completely destroyed the value of the owners investment.
Still waiting for some operational news for a change.