I agree, numbers are clear.
so for the 55-60mil you're persisting with, can you reconcile that to the financial statements for me, as jimmy and I have for you?
Once again
40 mil ebitda:
20mil goes to debt reduction and 20 mil goes to business as usual, as I explained. This together with taking on 20mil of debt (even if its financed, the debt still shows up on the balance sheet, but not in the cash flow statement), means that net debt will be unchanged (as per guidance).
If PMP make ebitda of 60mil, less 20mil BOU costs, they would have 40mil to reduce their net debt. They could then buy the printer outright and their net debt would still be 20mil less.
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