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Rawnoc

03/27/13 8:47 PM

#219860 RE: the big guy #219851

Good grief, the word B in EBITDA standing for BEFORE is not "a point of view." Even if you were right, which you're not, the paper specifically states it was prepared for a project investor so anything that an engineering firm uses for themselves is entirely irrelevant -- the paper was prepared for an investors perspective.

I'm pretty sure NYSE: SAI knows what they're doing and probably understands that the word "B" in EBITDA stands for "Before" and doesn't have to turn to Yahoo finance to figure it all out. R&D, as an example, as nothing to do with project ROI. They prepared the paper for a project investor (line two of the paper lol wow)

http://postimage.org/image/y1uezgx53

Wow...there is no R&D included in a PROJECT ROI because there is no R&D to be done on it. This isn't a "point of view" but an irrefutable basic fact, as basic as the word "Before" being represented by the letter "B" in EBITDA.

Good grief....company-wide expenses are not included in project-specific analysis. Finance 101 -- literally.