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Ann: Emerge banks AUD$8M from MIGGSTER Subscriptions, page-539

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  1. 332 Posts.
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    You are either deliberately misleading or mathematically illiterate still. Are you seriously inferring that EM1 share of revenue will be at the same rate as MTN. If you are you have done no research or illiterate.
    MTN 40% after costs but will incurred by both parties. Subscription fees substantially less.
    Miggster 64.5% retains costs of operating to pay expenses and then gets 64.5% of remaining revenue. Subscription fees twice as much and 73% are annual subscriptions.
    Don't ask daft questions like how much money does EM1 get to keep. It will be anounced but if you were really smart you would realise that EM1 covers it's operating costs for the Miggster platfrom and then takes 64.5% of the remainder. So in actual fact, they get in excess of 64.5% of the 8 million. If your asking how much is profit, that is a different question.
    As a business owner, I would be happy if taxes are an expense for EM1. Why ??? Because you only pay tax if you make a profit. Something that some companies haven't achieved yet. After all, that's why businesses are established- to profit and grow
 
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