Hindsight, page-137

i will never understand the psyche here - why kick people when they're down?? Especially when you have no material interest in the company. Poor form.

As for your dodgy calcs, why are you using 2015 figures for a company as early stage as this? Forward EV/EBITDA multiple is a far more logical way to value the company.

According to Foster's (conservative) numbers of $17.7 EBITDA for 2016 x a multiple of 30x you are looking at a EV of $531m. Even at a very very conservative multiple of 10x (177m) we are extremely undervalued.