They do state that EBITDA from continuing business will be $28m and the $5m equipment loss should come off that. Assuming that they don't go and lose another $5m on this, the final EBITDA should be $23m (lease adjustment is a real gain from cost control). I don't see why they operate a business that makes a $5m loss on $11m revenues. I suspect smoke and mirrors accounting. Probably is why it was steadily sold off over a period. Not because of insiders bailing, but just distrust in whatever the management says.
Ann: Company Update & Earnings Outlook, page-16
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