If you can't see that the business is worth something than there...

If you can't see that the business is worth something than there is an issue there already.

Revenue is $30M.

If they cut costs and make only $2M profit (6.67 percent) annually at 20 times is $40M, add the cash in the bank and you have an EV of $70M.

The $2M dollars over 2 years is $1M a year. This was a dodgy issue with previous people around or it could be a woolies type big retailer squeezing a supplier for some more money.

It happens....the only issue is was legitimate claim or was yowie saying they really was entitled based on original agreement. As it was settled it may be confidential in terms what actually happen and cannot be disclosed potentially....or it could be just didty laundry which has now been thrown out.