Dude, sunk costs? what are you talking about, its paid in equity, by over zealous schmucks, who didnt realise they were making the job easier for AFY, by having to raise far less debt, than equity and not being paid a return for it.
Mate, as for valuing based on EBITDA its not an opinion... its just how you need to value it, so dont get all defensive just because you've had the wool pulled over you by brokers. @dubspec, myself, @Mexicanandre and others have all been in the industry, so why don't you just take certain facts on board... It seems as I said before, you probably lecture your doctors, lawyers and other advisers too...
At least people know who to go to if they are looking for easy targets to get buy in on a fresh air valuation.
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