Wednesday, March 27, 2013 7:17:00 PM
It says it in the NYSE: SAI report:
http://postimage.org/image/y1uezgx53
$6.5 million + "up to $2 million" = $8.5 million for 3 processors. That's that "capital" you falsely claimed is absent from the report.
The EBITDA number IS the ROI aka return on investment that you falsely claim is absent from the above link. The ITDA in EBITDA is Interest, Taxes, Depreciation, and Amoritization. You don't include those in a ROI analysis because that's all part of capital. EDITDA = ROI. Any interest or taxes has to do with the financing outside of that used for comparing to the ROI. Depreciation and amorization are irrelevant because in a ROI analysis the entire capital is expensed up front so there is nothing to depreciate or amoritize. The full "up to" $8.5 million is expensed up front in a ROI analysis. Hence EBITDA is indeed the ROI analysis.
There is no circular argument used by NYSE: SAI (good grief....lol).
Raw
Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.
http://investorshub.advfn.com/boards/board.aspx?board_id=1781
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