News Out...
This is very good news. Just taking those figures of 301K in revenues in the last month with no growth from here would take Total Revenues for the next 12 months to 3.6 Million.
I do not know if the 'Event Revenues' will stay steady for the next 12 months... I guess that it would depend on how many events we do and if we can continue to 'double up' at each location where we would only have 1 set up cost and 2 revenue events.
But for our Gym revenue... I do not see this declining at all and we should have a steady growth in Revenues.
Management touched on the 'Sponsors Revenue'. I remember me posting on this a little while ago and said that 'all we are really missing is a 'good' sponsor or two and we would see revenues take off'. I think this is just the start of the sponsorship revenue. I would like to see us maximize this sponsorship revenue by looking into 'Branding' our gyms with a half dozen or so sponsors that would increase the gym revenue. (management... are you listening?)
On a more positive side to the discussions on this forum... I guess we can now call 'BS' to whom ever says 'PR's always promise record revenues, but never deliver... can't even do a million in revenues'. Looks like that will be done in about a 3 month period if not less.
On a cautionary note... we can not continue to use 'toxic financing' for gym growth. We need to slow down on the issuing of shares and concentrate on maximizing margins on the events and especially the gyms.
I would like to know some things though. If anyone has this information I would appreciate you passing it on.
1. How many people does it take to hold an event?
2. How much do we have in 'equipment, etc.' that has to be transported from event to event? Do we own our own transportation equipment?
3. What is the average over all expense for a typical event?
4. How much is the average cost to 'rent the facility' where the event is held?
5. How much more is it to rent a larger facility?
I will have more later I would think.
One last thought... I do not think that we should be allowing the fights to be viewed for free until about 5 days after the end of the event. I think there are to many people that are not paying to see the fights and just waiting for it to become available for free. We are leaving some PPV revenue on the table IMO. 5 days is a good time frame IMO, because it is long enough that it would encourage more people to pay for the viewing and not too long that it might encourage more to buy the PPV before the next event. So, for example... the Saturday fight will be available for free the next Thursday.
Anyways, Great news out from our management team!
SM
