I sold my small parcel after the recent results...

I sold my small parcel after the recent results announcement.
Here's what concerns me:

Negative operating cash flows.
Current liabilities more than Current Assets
Intangible assets 70% of total assets.

Cohen always focuses on EBITDA , but NPAT pays the dividends.

I still think this is a good business , but it may take a little longer to come to fruition than what I originally thought.