let the bidding begin, page-17

The way I see it the $40 million deal hinges on 8.7 mil EBITDA and no dividend paid. You can look at it as a 31 mil deal assuming there's plenty of tax credits losses etc.

The fact the International business depressed the sp for so long makes the transaction look appealing.

I'm of the opinion others will be looking as they're all gamblers and wont be able to resist the punt.

Could be wrong however................