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Even as revenue declined by 13%, moving substantially, the ratio of these three key cost drivers remained in a very tight relation to revenue. As you can see in the table below, the ratio of the key cost drivers to revenue varied very little, even as revenue dropped significantly:So, with a refined view on revenue and demonstration of a tight relationship of key cost drivers, one creates a reasonable ability to model EBITDA with two key pieces of a forecasting model falling into place within a relatively tight range.In addition to these two elements, the ability to evaluate the redemption/refinancing need of individual debt tranches as they come due was included, as described above. Also included/upgraded in the model:Upcoming conversion of preferred to common shares remains included, especially the impact on cash of the cessation of the payment of $214MM in preferred dividends to be replaced by the $61MM in common dividends to be paid on the newly created common shares.

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