Ann: Swift Makes Transformational Acquisition of Video on Demand, page-20

I don't think the instos will be escrowed, but it would be most odd if they were sellers for a mere 10-15% given the potential.
Like you I'm interested in the quarterly and the finals next month. As I said before, I'm happy to go with Hartleys numbers for 2017, but given the new contracts since their report and this acquisition, their 2018 forecast of $2 mill EBITDA looks very light. I hope they update in due course. Cash wise, with these new contracts, I expect them to be a little lower in the short term, because they would presumably have to provide hardware and infrastructure. I'd be interested if anyone can shed light on that part of the puzzle.
Back to sunny Spanish settings for now!