real good announcement, page-23

Wooduk,

I agree that it would appear that this is just book-keeping mechanics to improve EBIT and equity. Initially I was merely pointing out that the two adjustment were for different reasons.

I don't read too much into the apparent improvement in profitability but on its impact on debt covenants. Perhaps the survival of the company, and therefore compliance with loan covenants, is more important than its profitability at this juncture?