Lets spell it out - I think some comments are due - especially before the escrow ends on the 9th Oct.
Lets assume each Source and ref client gets 5 mo for $25k - and let us assume that is in AUD, and not USD for a margin of safety.
We had 17 clients on the 29/5/15 - assume they all started bang on that day, that is 2 mo x 17 clients x 5k pcm = $170k. Add on another 2 clients for half a mo @ $5k = 5k. This alone totals $175k revenue. Then we have the other services.
In the pcp - revenue was $93k. So you would expect a minimum revenue of between $175k and $268 rock bottom minimum.
And we got $158.9k.
Now the assumptions have been stretched to get as low a number as possible here, as best I can, including no revenue from the talent and innovation for the $175 figure.
So I'd like a clarification as to how many clients are getting freebies, or how far away from reality the pro forma pricing is, or any other simple explanation as to why this does not stack up.
Hope that is simple for everybody. I'm really disinterested, but would love to short this one, if no explanation is forthcoming.
Good luck to all.
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