Truth of the matter: I don't know and I don't care. I'm not involved here or in this space anymore. I believe that these companies are in the business of creating SEC filings as opposed to the actual business they claim to be in.
A real company can and would get a bank loan against that sort of EBITDA of at least 1.0x EBITDA.
I'll read replies to this but don't expect me to make one.
Glen Bradford Purdue University Master of Business Administration Bachelor of Science in Industrial Engineering
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.