Its a 40% holding for LBL not 48% is my understanding
$5.6M Ebitda * 40% = $2.24 M EBITDA
$2.24 * 4.5 EBITDA = 10.08 M to be funded by equity and cash .
THey had 10.2M in cash on the books at the end of December guess there is $10.8M by now .
they need 4.8M left for working capital so they can suck out $6M to pay the vendors .
that leaves around $5M in script needed IMHO .
Its a good outcome paying around 4.5 * EBITDA when most PLCs are probably 10* EBITDA .
Would have been nice to see some pretty pictures of the new business .
LBL Price at posting:
75.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)