Grossly unfair, indeed. Well, I hate taxes too. I was of the same thinking up until a few weeks ago. Now, the criteria for separating the chaff from the grain has gone fairly far along to a polished grain being necessary in a under a quarter of a year's time for what is an acceptable investment risk in dope.
The leaders in this industry will be those who EXCEL beyond mere "Adjusted EBITDA". Which is a formula for extreme creativity as the inputs are often carefully chosen and the GAAP measures left off and described as not necessarily a good comparison. See hating taxes. The contra...(We) don't wish to be accused of investing in a growth hobby this large for much longer either. THAT would be BAD.