the acquisition of RIMAB which was meant to assist the company with cash flow, did the exact opposite of that. If i recall it had a component of conditional consideration, but that was based on maintaining the colsubsidio contract. It should have had an EBITDA earn out because that hurdle would not have been met!
from low margin or even negative margin clients, non-paying clients, it has been a disaster. Can it be fixed, i don't know. Are the board prepared to make tough decisions and walk away from contracts that do not meet margin thresholds?
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