WOW!
I seems this HVLV business they have purchased is not a good thing for them. I don't get how they can make the following statement with a straight face "If the losses associated with the Project and Powins are excluded, Viento was expected to achieve a (normalised) EBITDA profit in the range of $5-7 million for the full year." Isn't that basically thats saying if you don't count my losses I'm actually a winner?
Confusing? I'm guessing they value will drop again now this report is out?
VIE Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held