Issues with DCB in Australia, page-40

''The main concern for me is the idea that MBE is a company which is funding its expansion through cash flow and capital raising. ''

Robbo, fully agree , Capital raisings have been crucial to funding the past two or more years expansion - which is fine if significant growth in earnings were being delivered

The criteria for earnouts from past acquisitions seems IMO very favourable for the previous vendors
Earnouts of $6m just paid and another $7m due next year are more than the entire NPAT for the past 2 years and Fy17 combined

DYOR