In the last update they said they had done $725k in revenue to...

In the last update they said they had done $725k in revenue to 4th August (so basically in July). Note how they have not given us an update on the revenue for this quarter in the latest update, but rather said that the quarterly revenue is now over 80% of the quarterly target.

I can't keep up with the quarterly targets - they were revised down a few times. But this time last year it was about $350k in MRR - so $1,050k per quarter. 80% of $1,050k is $840k, less the $775k from July so we have generated about $65k in revenue in August? To be realistic, they reference revenue to end of August but probably it is to date.. ie. 19/9.

So acknowledging they are again pulling out the smoke and mirrors and being completely inconsistent in their reporting of revenue, I am guessing they generated $65k in income over the past 6 weeks. That barely covers PG's and Linda's wages for the 6 weeks, let alone all the other clowns in that business.

And obviously the recurring component in their monthly recurring revenue (MRR) is a very small !!

If I am wrong on my assumption on the $350k MRR target revenue, then above is wrong. Otherwise, Huston, we have a problem.....