@elzephyrus Sadly it wasn't just potential revenues. Those same...

@elzephyrus

Sadly it wasn't just potential revenues.

Those same figures U$500,000+ per month were still being touted in the June 2018 presentation.

The Verizon agreement was active since 14th March 2017, that meant they had 15 months to know what actual revenues were going to look like. If U$500,ooo+ a month was inaccurate then they should have come out and said so before June.

https://www.asx.com.au/asxpdf/20170314/pdf/43grsx2hfzd42b.pdf

When you view the document, note the use of "minimum revenue guarantees" "+ ongoing monthly revenue".

Makes one wonder if this contract has been renegotiated to a lower rate & shareholders haven't been told of the material change in revenue until it was snuck into the presentation.

Oh & your figures are way out, if they get all the major telcos signed (which won't happen) & all the mid tier ones as well (again won't happen) we would get about US$100M of revenue after costs, but it won't happen, just look at AT&T there not interested in the product any more.

Just to put things in perspective for everyone, Verizon has revenue of around $32 Billion and net income of US$4.1 Billion per quarter.

So that's @ US$0.3 Billion of revenue per day or US$12.5M of revenue per hour.

That means its paying Syntonic less than 15 minutes worth of its daily revenue stream annually for a service its meant to be critically dependent on.

Or if I say it another way, Syntonic are paid a wafer thin margin of the revenue that passes through our CSP (I'd say a margin of well under 1%).

Is that a fair distribution of the spoils ?

LOTM