Ann: Investor Presentation , page-4

AZG: This company is mainly self funding as it has a high ROC,for the forescast FY12 it should have a ROE of about +20% the debt is $15M, $17M in cash and the Total Liabilities are $37M Total Assets are $96M hence the net assets (96-37) of about $60M. They purchase price for Accron mainly comes from the 75M shares that will be issued for the current Accron shareholders and the earn out later on. Basically it can pay its debt off in less than 2 years and has a debt to equity ratio of about 0.25 so it looks good to me.

All my posts represent my personal views only.