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tedpeele

09/29/16 9:13 AM

#42559 RE: zeynoc #42547

It was a rough estimate, but yes there will be charges as there is every year, and some new ones - potentially large - due to the ongoing restructuring preparations. If I were to do it over I would have added in $1 million for legal/etc which would give an operating profit of around $1-$1.5 million, the same amount roughly as in the 9/30 quarter when the revenues were around $14m and the margins (presumably) were higher.

Hope for the best but trying to remain rational about it.