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Unprecedented Development

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pointofreturn   Thursday, 04/24/14 08:17:47 AM
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Unprecedented Development
Great find frankz! I find this extremely interesting because Loyalist hasn't filled an NI 44-101 for any prior finanancings. I don't think that this is actually regarding a PP coming. While the Company will continue to need to complete a number of PPs going forward (that is part of the accretive business model of Loyalist and necessary to complete further M&A). Rather, perhaps management is looking at offering a new share. Maybe a preferred share with a dividend? I've seen this before. For a Company with good revenue generating positive cash-flow, why not? This is a very interesting, and unprecedented development.

In terms of share price weakness as of late, I believe that is just the market placing their bets on the financing, and even the lack of continuous newsflow from the company (others may be "getting bored"). Loyalist isn't the flashiest play, they aren't going to wow the market with a new discovery tomorrow. But over time, and especially given the complete lack of competition, they will monopolize the ESL market in Canada (atleast that's the goal).

To re-iterate what I would like to see from the company - $12.5 million in revenue, and a EBITDA of about $3.6 million. My EBITDA target might not breakdown quite that simply (we might see some one-time acquisition-related costs for KGIC/KGIBC), but the Company should still be generating good profit.



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