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Friday, April 18, 2008 11:19:25 AM
also of note, the PR mentioned revenues for FT of 17.27M adjusted for a gain on real estate assets. from what i gather, this means the number would actually be higher if they were included. excluding some one-time charges, as well as those gains, 17.27M is our baseline for FT.
http://biz.yahoo.com/prnews/080417/lath081.html?.v=101
i asked about the terms of the deal, and they will pay cash, but this will probably be generated by a combo of debt and equity. they don't want to be overly leveraged.
my next question was if matrix asia pacific is still in the picture. rather than getting a commission on sales through them, DPDW would rather go after the entire pie, so matrix is now considered a competitor. RC said deep down views the world to be their market.
i asked if this particular deal is the "big splash" that RC has referred to in the past for an amex uplisting. without going into specifics, he communicated that they have bigger plans down the road in keeping with that strategy.
i view this as very bullish. it suggests to me that while FT is a major milestone for us as shareholders, and it's going to happen in the near term, as far as management is concerned they want to go above and beyond this deal before they do an uplisting.
given the time frame for the FT deal, i'm willing to speculate we could see continued growth via acquisition during 2008 that could very well take us to the amex. this is just my own theory, based on today's conversation, but if so -- imagine that. we're still in the early innings here. jmho.
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