Indo Global Exchanges Pte Ltd (IGEX)

[Daguvanuh]

Post 6980.... This is my dialogue with John months ago...
This could get the positive cash flow,..... But John did say their plans with FX were long term and though would take some time to build out they were committed to stay the course and not try to ride two horses at the same time.

I run the numbers for him... 500K to 700K. PPA estimated players wanted to live play. IGEX would charge Service fee from each. The Jakardian Bank would hold all monies..... IGEX would validate both the USTreasury forms were in place on the offshore deposit, and on any repatriated assets.
It's not against the law to play poker in the US, but no FDIC affiliated US Bank is legal to transact cash for that purpose. It's not against the law to have offshore $$ as long as it reported. Anyway a fee paid by a player of $50 to $75 annually against these king of numbers is pretty substantial for a small company.