Thanks ZM, I had been looking at the proforma balance sheet...

Thanks ZM,

I had been looking at the proforma balance sheet after purchase and clearly much of the value we were receiving was "intangibles". Just a bit hard to work out how reasonable that is - so I appreciate your comments.

I still find it a bit hard to work out future prospects for EBITDA. As is usual with this sort of growth, much of the clear analysis is revenue rather than profit. I look forward to seeing more analysis of the profitability following the revenue growth and the cost management efforts

Alf