Ann: Isentia AGM Chairman and CEO Addresses, page-12

Currently 64m market cap and 28m debt for ev of 92 million, but the real point is that they are generating FCF of 14m a year at the current ebitda forecast. That is huge. By end of year net debt probably around the 15m mark and no need to pay down more for efficient capital structure. So where will that 14m fcf go. One place v likely. Dividend. If they paid half that in dividends it would equate to a 12 percent yield. They won’t, but what does that tell you about the shareholder returns available in this now? Trade or PE buyer v likely if the price stays down here with the cash generation profile at present