Lion, please read the statement carefully, the bridging loan of $6.5m is for a period of 4 months, if you use $18m divide by 3, you wold have profit $6million. Their Sep Qtr cash balance is $17.445million, take out the $13.8 million and add the $6 million income. What do you think the number would be? Do you still need to I calculate it for you?
For the valuation method, everyone has their own way, I am not going to argue about it. Just be patient, and waiting the update comes.
See below for the information.
"The acquisition was financed by a combination of equity $13.8mm, debt and bridging $46.45mm. The bridging loan of ~$6.5mm is for a period of 4 months. In addition the Company has been able to complete the acquisition within a time period that will enable it to take advantage of a $13.8mm capital gain offset, following the sale of a portion of its Pennsylvania Marcellus Shale assets, under Section 1031 of US Tax Regulations."
Lion, please read the statement carefully, the bridging loan of...
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