RE:RE:New Filing today I just read for the first time the 5 th amendment!!!
I dont quite see how you have determined that the LTM adjusted ebitda wont be met
You surely dont have access to the amount of the numerous adjustments which in most cases increases the EBITDA .....ADJUSTED as defined is way above Ebitda under GAAP
PWIB123 wrote: I scanned it. Looks like the totality of all changes over 5 separate amendments and what was presented before. I'm assuming they know they aren't going to be able to meet the trailing 12 month EBITDA (LTM EBITDA) requirements and the associated higher cash balances without raising the additional capital. Or, they truly did only raise the additional capital to save their jobs. Either way, we have been completely misled. There's zero accountability.