Spoke: This is one time I disagree with you. I think the total revenue from ticket sales, DVD's, related product sales, and advertising will be much higher than your prediction. You also assume that none of the convertible debt has already been converted to stock, which isn't true. Also, how do you know that Cono hasn't been paid off, or if they haven't been, what the terms of repayment are.
Just thought I would add a different perspective.