Replies to post #442 on Greystone Logistics Inc. (GLGI)

[Phaedrus77]

I think they were just blowing off your question.

The cash flow calculation is:

net income + depreciation + interest expense - preferred dividends - capex.

They knew (or could easily estimate) all of those items except for net income.

The difference between .54 and 1.25 is approximately $2.2 million. I really doubt that income missed expectations by that much over the last 4 months of the year...especially when Q4 was a decent quarter.