I think the question was lost in the muddle somewhere so he may not have seen it, and I didnt have the exact references. Are you sure the initial figure (16k) came from a publicly released announcement.
Maybe Grant ask him yourself, id be ineterested to see the answer. Provide a reference for the initial figure, and the current one.
What is your opinion on him confirming ( 3 times) that the revenue figure of in excess of $110 million for 2004-2005 stands. On the one hand it seems gullible to believe it, on the other he says they will be proivdding monthly figures to back it up.
Also, given this is a big increase from your working estimate of $70 million (65% more), surely this has some affect on your calculations. If a 65% increase on total revenue doesnt, then there has to be something wrong with the working.
Be careful not to call into question the ethics of modern directors, thats immature.
