Seaniemac International Ltd (fka BETS)

[penywoo]

Simple Actuarial Projection.

First report on New platform gross profit was $150K ( for say 30 period)
Second report for December (20 days) $ 330k
I am not adjusting timing being off, which should give a higher number the
the ratio is 2.2.

Projection for next month(January) is gross profit= $726k
Projection for next month(February) is gross profit= $1,579k
Projection for next month(March) is gross profit= $3,513k.

All the above projections are grossly understated due to several assumption I made. 1) the ratio should be increasing once they get the LOC due to the fact that V.I.P. plays will be increasing the ratio.

2)time period where not the same.

3) the growth rate was kept constant, should be exponential.