Secure Point Technologies Inc (fka IMSCQ)

[mas]

You lost money on a $6.9m quarter even on a EBIT basis, was there not enough scale then ? Multiple $6.9m by 4 and you get $27.6m so where are you getting the '24-25mn to break even on an EBIT basis' from ? Are you just making it up ?

Also in the real world you have to pay over a million interest every quarter and the interest here costs precious cheap convertible shares so $40m you need every year at least just to stop the debt growing. EBIT and EBITDA is meaningless here when you have so much crushing interest.