"While these analytics are based on downloads of the free version, and does not provide the number of downloads, it is interesting to see the wide scope of countries where the app is being downloaded outside of the USA. I don't think many of us have considered initial sales outside the USA when researching this country, but this could provide some surprising upside."
Imagine when the new live version comes out - with PTA promoting it with excitement like Big Kev.
Money to start rolling in very shortly.
"ESN acquired a further 20% of the Knowledge Nation Joint Venture (KNJV) from Mooter Media in April 2013. The consideration for the acquisition of MMZ’s 20% stake is MMZ’s right to 10% of Knowledge Nation’s net profit before tax for the two financial years ending to June 2014 and June 2015."
So MMZ sold its 20% stake for 10% of this financial year's profits and the next.
Lets say (just for fun) that the sale was deemed worth, say, $200,000.
$200,000 is 10% of $2M (net profit) over 2 years, so $1M net profit per annum.
Obviously the net profit will be smaller in the initial year and larger in the subsequent year and then larger in the following year, etc.
$1M profit in a year would be really big.
Not bagging SMA, but if we compare that to SMA, they are only doing $600k revenue (not profit) per annum.
Obviously, this is all for fun and guesswork, but the potential...could be less, could be more?
I have a feeling that this one will turn out to be big and I am hanging around to find out.
GLTA & DYOR.
ESN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
