Ann: PACT Group announces non-cash impairment and preliminary res, page-7

In my opinion, the non cash impairment exceeds ebitda means expenses overrun the profits. Here is my story as a worker for one of their plants, they are going to shut down multiple machines and shipping it to China to produce it to sell in Asia and export it back to here. 

Now here is the thing, many of you guys are not known, these machines are bloody connected to the silo to suck the resin, oil, gas and water etc.... to ship it to some where means you need to set up equipments suitable for the machine to produce the plastic productions. On top of it, they need to lay off or relocate workers. Many have been there for 20-30 years, and please do count in their retirement package after years there and up so far, I heard that they are closing at least 3-4 plant sites like that, mean a lot of silos has to be set up and connecting down to these machines to produce goods, and I would say quite a few dozens of workers now being dealt with, either through retirement package or relocating. Also, machines are worn after running and the depreciation of value and tool maintenance costs are extravagant ridiculous, we are talking about 10-100 k each machine here for maintenance. On top of it, many of the plants I worked at already sold back to real estate agents, but what if some property hasn’t been sold after shutting down? Do you think you can sell the top price of your house right now? By all mean try.

it looks to me the Corp takes the hardest way ever, by doing one off-set cost to pray for the future, and it is in alignment with the Chairman’s objective, one way to China. My guess is it would bounce around $3.xx now, going below and you would meet the Chairman’s resistance, going above means many are eager to sell out as well. 
p.s every one was aiming for $4.xx + range. Blame the corporation for this move, or wise, I think it’s going according to plan. All by the way, I will be considering Donald Trump shutting down the gov again on 15 this month and the 90 days deadline for chin and Sam negotiation, people will create volatility when any company’s bad news given out. Moreover, your loss are eaten by institutional and investment bank right now. But who knows you can buy it back from them later on if things really flipping.