I'd love to know how that amount was calculated for VGW, as I might be reading the financials for VGW incorrectly:
https://www.vgw.co/wp-content/uploads/2020/04/VGW-Holdings-Limited-Interim-Financial-Report-for-the-Half-Year-to-31-December-2019.pdf With the net profit expected to be $16,923,999.84/year for ISX, and the rough revenue figure of $400mil/year for VGW.
the $580k, not sure if that covers all transaction cut or if the $416k does? If it's the $416k it seems to suggest that the anticipated inflow is 10-20% higher than the prior years. Good solid growth, I just wonder if that's been conservatively calculated with anything to back it up.
Seems like it would have been a good contract, I just wonder why it's the first we've heard of it as that would have been a huge profit for ISX.