Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from [Tony Trisciani] – [Astro Capital].
[Tony Trisciani] – [Astro Capital]
Just a couple of questions on the balance sheet you mentioned in the press release about potentially raising capital etc. With $3.5 million cash and EBITDA positive is there really a need for cash now or what was behind that statement?
Greg Scholl
Yes, there’s not a need for cash. We’re specifically exploring a couple opportunities we have to put more money on the balance sheet. The idea being we think if we had more money on the balance sheet we could be more aggressive and there’s more opportunities that we could pursue. It’s a great time in the market for a company like ours. So really we’re viewing that as balancing the cost of that capital against what we expect we’d get at out of it in terms of return looking at some of the opportunities, but it’s not securing a line out of kind of ongoing concern issues or anything like that. It’s purely growth capital.
[Tony Trisciani] – [Astro Capital]
Okay. Any more on the debt side than the equity side?
Greg Scholl
Nathan?
Nathan Fong
Yes, it's all debt. It's all debt.
[Tony Trisciani] – [Astro Capital]
Yes, we don’t want to see any dilution of this stock price. Next question can you talk about director’s compensation as goodwill and to the 10-K is there – it seems like kind of fairly high director's comp. Is that unusual or can you talk, discuss that or is this not the right forum to talk about that?
Greg Scholl
I don’t know if that’s the right forum or not but I can give you a perspective on it. Which is if you look at the nature of the individuals serving on our board there's kind of two ways to look at it. One is what is a comp for a company of our size and the other is what do people that have the kind of experience for the company we want to become cost?
And I think that when we were thinking about director's compensation and discussing it as a previous board not just this board we felt that while they are aggressive packages the individuals that we have are really world class and materially contributing to the business and I am happy to follow up with you on that if you want, but I don’t really know anything to say other than that.
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