The cash flows may not justify existing cash expenses but will the push of MNCN content through Linktone channels justify future potential.
It is really(for once) pretty close to what they said they were going to do.
I did not understand what they meant by the purchase is coming out of current cash flows? What does that mean?
Usually, M&A cash comes off the balance sheet as cash directly. Sounds like they are trying to say free cash flow but earnings up to now doesn't suggest we have that kind of FCF or do we? Plus the deal has closed. so WTF. Can they muddy the waters anymore then we got now? I think this might be a positive but the way they cobble things together surely makes one wonder?
Which is exactly their MO and for what odd purpose? Most entities zealously promote their equities why are these guys so busy in making everyone wonder? This is by design. The same people are running the show at Bhakti and MNCN read their letters to investors on integrity, visibility and commitment to financial accounting standards and ethical behavior.
So they know what it is at BHIT and MNCN but at LTON they play differently...interesting. I think they want a much larger stake in LTON on the cheap. Once they buy more of LTON then all these other assets end up right back over into MNCN. The issue becomes how many dumb sellers can they find. Just my thoughts.