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BenjaminGrossbaum

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BenjaminGrossbaum

Re: ValueInvestor2017 post# 6867

Sunday, 12/09/2018 9:09:38 AM

Sunday, December 09, 2018 9:09:38 AM

Post# of 7213
Your financial math is not correct. Real EBITDA - cash from ops without any consideration for amortization is -$2m/q. They invented a new “adjusted ebitda” calculation by adding it rather than ignoring it. The company has no operating profits. The 5m new shares issued paid the debt - that was when the stock was much higher. FTNW is $70m in the red and losing more money every quarter. At these prices they would need to sell 20m shares to get to even.
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