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1.1¢ lithium universe limited

$260k doesn't even pay the electricity bills

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152 Posts.

17

04/04/19

13:14

Post #: 37993945
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Originally posted by BigWill2018: ↑

The revenue share is not Avant or Mogul sharing their overall revenue but rather they do a tournament with say 100 people with a $5 entry fee on a weekly basis with a 50/50 split revenue.

or 100 * 5 * 52 = $26,000 p.a. or 13k/13k split.

Before anyone says 26k or 13k isn't going to pay the bills, i understand this but get 10 companies (currently 3) and we are talking 260k or 130k and this doesn't include VIPs that we get or sponsorship directly.

With a lot of these e sports teams they field multiple games so lets say each do 3 games each on average then the number would be 390k but the big part is like with Avant they have 14k followers so if 3,000 of them were doing these tournaments each week then we have 780k or 390k each and with 10 teams that is 3.9M and if 10% of the players took up VIP that is another 180k on top (3000 players * 0.1 (10%) * 10 teams * $5 * 12 months = 180k)

Small wins can really change as more and more people take it up.

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$260k doesn't even pay the electricity bills

ESH Price at posting: 1.4¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change -0.001(4.55%)		Mkt cap ! $6.236M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$8.547K	795.7K

Buyers (Bids)

No.	Vol.	Price($)
18	6948678	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	3535588	12

View Market Depth

No.	Vol.	Price($)
18	6948678	0.010
21	12597433	0.009
14	7458342	0.008
5	2514857	0.007
6	4063332	0.006

Price($)	Vol.	No.
0.011	3535588	12
0.012	2761567	5
0.014	641382	4
0.015	954784	3
0.016	562500	3

Last trade - 13.50pm 12/11/2024 (20 minute delay)

LU7 (ASX) Chart