Thursday, May 25, 2017 4:15:09 PM
Not to shoot bullets threw it but ...
$400k is gone baby gone. Can't count it.
$700k is gone baby gone. Can't count it.
According to fins EV worth $670k on the books now. Was worth more but they took a lot of (roughly 20%) depreciation in 2016.
According to fins, net income gain from EV after cost to run is about $55k.
So... the big deal is what the settlement is. Figure $400k and $55k for 2+ years so about $140k.
Not sure if attorney fees will be part of it. If not, then probably gonna get $500-$700k. If so, $1.2-1.5 million would be my guess.
Then looking at their liabilities and such, they would come out on top with about either $100-$300k or $800k-1.2 million.
At there current burn rate and income, I'd say they will be back to breaking even in 3 years.
In my humble opinion, best thing to do is take the settlement and then sell the EV (1 million plus) and make a deal to maintain it.
I think I may have to go back to my original post/thought, 2016 fins ain't that great. Somebody please prove me wrong.
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