So I am confused...again. What happened to the AOC for data centers and the $5 billion+ market they were about to enter? I was under the impression that the AOC would be ready to market in 2H of 2016. No profit until 2H 2018 doesn't add up for me unless they are planning on generating a lot of expenses.

EBITDA = Revenue - Expenses (excluding tax, interest, depreciation and amortization).

(PS - I was not at the THM)