ann out!!!!! tfs agreement, page-14

Hi,

The Total revenue for TFS is around 1.6 Billion per year. A quarter of that is around $400M.

I am not sure but the royalties won't be more than 5% of the revenue.

So in total TZL may be earning about $20M per year.

Has TZL got any other businesses?

Say the expenses are around $10M per year. Then the net is around $10M per year .

Total shares issued are around 160 Million (including the ones under escrow).

This works out only about 6c per share!!!

Am I missing something? please correct me and provide any additional info you may have.