Even more confused now I've re-read the 17 November 2014 Revised Acquisition Terms for HVLV Purchase.
Within this announcement it stated the following "Viento advises that for the six-month period ended 31 December 2014, the Group is forecasting to achieve EBITDA loss of $7.5-8.5 million based on turnover of $60-70 million. For the remaining six- month period of FY15, the Group is forecasting to achieve $7.5-10.5 million positive EBITDA based on turnover of $100-120 million"
Now I'm not the best with numbers nor understanding these documents, but it seems that within this announcement they were anticipating a loss of up to $8.5mil at mid year, but despite this by the end of the year up to $10.5mil profit based on overall turnover of up to $120mil.
Given they now anticipate up to $130mil turnover ($10mil more) I think some numbers don't add up.
Also how can they be out by 100% ($8.5 to $17mil loss) with their forecasted loss only weeks prior to end of mid year?
All seems strange to me:/
I'm not sure it i'm game to have a go with these guys.
VIE Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
