Ann: Embedded Network contract with R Corporation, page-8

re: Ann: Embedded Network contract with R Cor... Projected revenue may be net to INT, but at first look I think this is highly unlikely with only 211 apartments, when the re-sell margin is not so high on electricity,phone and internet and the developer takes a cut.

It may be as little as $500k or less, in which case plenty of similar contracts are needed just to cover excessive management salaries, let alone put a dent in the Note repayment.