Celsius Holdings Inc (CELH)

[kbaz]

No prediction in cash flow. In a corporation where cash can be accessed upon need (ie CDS enterprises and other strong Companies) Cash flow becomes a decision by management based on the return. If there is an acquisition, capital project or Growth initiative that would utilize cash flow above the IRR with an acceptable payback, I would expect the cash to be utilized and managed. In my pro forma there could be free cash of between $3.5 and $1.5 myn depending on depreciation. Which I am sure is marginal.