Yep I just realised my error. So at $260 per watch which does seem a lot but I think it's about the service you get in return. Surely the profit margin will be huge, MGM deserves the margin due to intellectual property and the design work gone into the project.
So 10k watches would have a huge cash flow effect. They have to see how they sell hopefully they sell better than left handed hammers.
Ann: Extension to Entitlement Offer Closing Date, page-16
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