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So what valuation concession are we asking for relating to the miss? Also, next year is significantly lower than previously projected.

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> On Oct 7, 2014, at 5:36 AM, Neil Callahan <ncallahan@rosemontseneca.com> wrote:
>
> Hey guys,
>
> Here is the updated gap analysis from the July numbers to the September numbers:
>
> 1. 27% reduction in revenue in 14 plan (I think we were saying it was 40% on the call).
> 2. EBITDA reduction of 63% July vs Sept plan
> 3. This Year Revenue Multiple = 2.65 on a $35m pre
> 4. Next Year Revenue Multiple = 1.68 on a $35m pre
>
> Best,
>
> Neil
>
> Neil Callahan
> Co-Founder & Managing Director
> Rosemont Seneca Technology Partners
> 152 West 57th Street, 47th Floor
> New York, New York 10019
> 202-333-1880 (o)
> 917-945-9516 (m)
> 877-749-8879 (f)
> www.rstp.com
>
> <RBTM Summary Historical Financials 10-07-2014.xlsx