I'm out of the office but later I will go over the report and download it, there seems to be 12 mill left over after the sale and payment to the lenders which makes me believe the address to shareholders saying they were divesting to concentrate on their core business is missleading, it appears they have sold ACAD to meet loan covenants .
If they were concentrating solely on their core business why did they buy a brake business.?
Their new accounting standard is quite good it's easy to consolidate the figures.
Anyways considering ACAD was making a steady profit next 6 months will have these profits out of the figures
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