Any way to find out what the minimum sales requirements are for these contracts?
Been trying to do the maths myself... working back from $10m revenue, and assuming $1.5m is paid as service fees regardless of performance, RLG are expecting to pocket $8.5m in sales commission for 3 years worth of sales, assuming the commission is anywhere between 20-30% cut on total sales revenue, they need to generate somewhere between $25m-$40m in sales in order to realise this. Am I far off do you reckon?
The day the company announces that they've hit one of the minimum sales targets on even the smallest of these contracts is the day this thing will rocket. Would give the stock a lot more credibility...
Any way to find out what the minimum sales requirements are for...
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Mkt cap ! $5.574M | |||
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