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The announcement looks a bit strange. They count the $7.9...

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  1. 177 Posts.
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    The announcement looks a bit strange.

    They count the $7.9 million gain from the debt restructure as revenue.

    How this flows through onto the bottom line I am not sure.

    They also include a write down of 2.5 million.


    If I deduct the 7.9 million and add back the 2.5 million

    I have an underlying result of around $2million profit but as I said I'm not sure how the 7.9 flows through to the bottom line.

    I actually like the company but not sure what to do now.
 
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