ltesprit wrote:
It's derived from the QTN income statement. Calculate their EBITDA and add back their interest and net CapEx (there's very little of the latter). It's actually over $1 million per month, but since they cancelled a few of the shows I'm sure it has dropped.
Now, what was the basis of your $250,000?
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Simple really!, You are going off of Franks numbers From LAST YEAR!
When Frank was in charge! You forget he was trying to BK the company to hide all the skimming off the top from QBID (fact)
He was paying people outrages amounts of money to some employees and paying rediculous amounts for movies,etc,etc
It was said he was spending almost 2 million dollars a month
trying to BK the company!,Ask about that girl he hired from the apprentice(sp)She was just a gofer for that show, making about $30,000 a year. Now Frank hires her for over $150,000
a year so he can say "look people who I hired" to keep his Pump and Dump going! Frank was burning as much cash as he could. She was not the only one either! A few got the boot immediatly because they weren't worth what Frank was paying them. Get it now? Oh and Fan has been able to get the movies for about 75% less than Frank was paying for the same type of movies.
Hince Frank was burning cash for a reason.(to try and cover the three amigos AZZ's.)from going to jail.
So I think you better stop living in the past and Please stop useing Franks numbers to compare what Fan is doing? Your compairing Apples and Oranges.
OH and We wont even talk about all the checks Frank wrote to a bunch of venders. Right before his departure? And then cancelled them!(FACT) Get with the program will ya?
Now who do you think had to cover all those bad checks? (WE/Qbid DID).IMO Of course!
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