Pumping, we bought the business at a multiple of 5 x EBITDA...

Pumping, we bought the business at a multiple of 5 x EBITDA which is cheap in this market. You need to forget about the amount per ATM as we have bought revenue and EBITDA/cashflow. The net assets of this Company are almost double the current market value on a fair value basis.

Read my Chairman's report on the acquisitions undertaken in the last 5 years in this space. We have been outbid three times in the last 6 months on other acquisitions at much higher multiples. Some have been acquired at 10x.

This is a high quality acquisition and we are about to punch out our 10th record quarter of revenue and more importantly we are now making money! Thats a significant turnaround in less than 12 months considering the history of ICP over the last 5 to 10 years. With better shareholder/market support, the dilution would have been less but it is what it is.... This stock will be re-rated in the near future as the market understands the 'true' position of our net assets and continues to watch our growth IMHO/DYOR.
As for the $47k car, you obviously don't know me that well.... I would never buy a crap car, ever!