Post by
dsark on Jul 28, 2016 7:33pm
I had low expectations...
...but these results are atrocious. Their EBITDA was $1.9M for the year and their interest expense was also $1.9M. So when you take EBTDA, it's basically $0. Any reasonable person net interest expense out as it's such a material CASH cost. I had such hopes for this company, brutal just brutal. Thankfully I didn't rip the ask on those 50 cent shares.
Comment by
93Darkhorse93 on Jul 28, 2016 8:39pm
Everybody knew this coming hence the massive drop in the share price from 2.5. Got to look forward not back in terms of growth in EBITDA and cashflow. Just wrapping up my summary then I will post then we can have a good bull/bear debate.