Question-and-Answer Session
Operator
(Operator instructions) We’ll take our first question from George Burmann with GunnAllen Financial.
George Burmann – GunnAllen Financial
Good morning, gentlemen.
Ron Farrell
George, how are you?
George Burmann – GunnAllen Financial
Pretty good. The metrics without those charges and the write-off of goodwill, all seem to go in the right direction and have been for the last three quarters, yet our equity values are eroding at massive clips. In your remarks, you mentioned that you had some strategic moves under way. My question to you would be; where do you feel that the company will be going into next year in terms of what asset and equity values we can realize?
If I look at the convertible debentures that were just recalculated at a $1.75 beginning, we have another four some million shares coming into the flow, but at the movement your equity valuation is barely $2.5 million for the company. If I understand it right, that this year will put $140 million revenues on the board and in the fourth quarter will also be EBITDA positive?
Ron Farrell
Let me see if I can break that question down just a little bit. With regards to the shareholder equity and that issue, we’re all very aware of the affect of what that impairment charge created for us and I just want to say that we are currently in discussions with our investment advisors reviewing all of our strategic alternatives in order to address that particular point and anything else that may help and improve shareholder value.
However, we’re not at this point trying to imply or announce anything with regards to any future actions that the company may make to alleviate those problems. Obviously, we all believe that the current market value of our stock does not reflect in any way the real value of the company and therefore we are exploring all, and I repeat all options that might maximize shareholder value at this time. I hope that might answer the question as best we can at this moment.
George Burmann – GunnAllen Financial
Would that include a total sale of the company?
Ron Farrell
All possibilities are open and are being discussed. We realize that we have to look at all the possibilities at this time and we are in fact doing just that.
George Burmann – GunnAllen Financial
Thank you.
Ron Farrell
Next question please?
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