EV / EBITDA under 4X

This thread seems to be a bit lost lately so just some back of envelope stuff at current share price and on a post EGM basis (assuming it goes through)

157m share on issue

35 million options between 25-39c which would see crowd gain ~$11m cash IF exercised. At this stage I think fair to exclude from EV.

9.5m performance shares. Also excluded, as I've assumed earnings are flat to be "fair"

Cash generated 6 months to 30 June $4m (excluding one off cost of $500k). Assuming ebitda is flat at last quarters rate of $3.25m. So $13m p.a (underlying, but should be close to actual)

New debt post conclusion ($23.4m) minus undrawn portion ($3.36m), minus cash on hand ($5m+July earnings) gives EV of around

EV $39.3m at today's share price - 15.5c

$13m ebitda

EV/Ebitda of 3.02

Hmmmmm.... Haha.

????

We then also have $5-8m working capital (cash) to push growth and market the new products/platforms that have been released/secured over the last 12 months.....

(Figures all on best judgement from what we know)

Not advice.