Amfil Technologies Inc (FUNN)

[Yamahamer15]

Actually your calculations are wrong, you are on the right track though! Yes, the next 4 locations are JV's, BUT, just because it is split 50/50 doesn't mean the locations gross revenue (before expenses) will be split for AMFE's financials. The JV locations will still be $3-4 Mill in gross revenue per year(granted it has about the same revenues of current locations), its just the net profit that will be split 50/50 between AMFIL and the JV locations funder.

So therefore (We will go with $3 Mill in gross revenue yearly for each location to be on the safe side): The 4 JV locations x $3 Mill = $12 Mill

7 Locations(wholly owned & JV) x $3 Mill = $21 Mill
7 Locations(wholly owned & JV) x $3.5 Mill = $24.5 Mill
7 Locations(wholly owned & JV) x $4 Mill = $28 Mill

So just the 7 locations alone will be bringing in anywhere from $21 Mill to $28 Mill in gross revenue. :)