The value needs to also include the actual business and goodwill.
How much is a license worth?
What value do you put on US$5m profit?
The Excite team who are professional and history in building new casinos. One of their guys Luis Alberto Madeira Braga clientelle contribute on average AUD50m per month. The upside is definitely there the question is what will be met and how long it will take.
Ann: Prospectus Lodged, page-3
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