Rick Jordan
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of EBITDA, which is their net income.
In this industry, it's roughly like four to six times.
You're talking three to $4 million, somewhere around there is what the company was worth in what was presented to us.
But at the end of the day, of course, when all the liabilities, and there was more, dude, it was vendors that filed lawsuits from a year prior, which would have been like six months before we bought it, that were like 60 grand.
All in all, it was like the damages added up truly to about $9 million on our side.
Is it not fraud on some level?
There's a lot of people that have called it that, yeah.
I know you're not calling it that.
I'm not asking you to call it that.
That's what it was called in our lawsuit.
That's what was alleged in the lawsuit.
These were the conversations that were had.
And for anybody looking to do this, when you file a lawsuit in the multiple millions and you bought a business from people like you and I, Ryan, people like you and I, you could win.
And this was the point of the conversations with all the lawyers I had on this.
It's like, you could win, Rick.
Yeah.
And you likely will.
You'll get somewhere in there, which will likely be several million.
But the problem is, is then you have to collect afterwards, too.
Do you think they have the money?