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Tuesday, January 18, 2011 6:11:44 PM
Not saying the stock price can't go up, but that much? They will have to max out the A/S eventually just to pay the bills.
Let's say that your $140 million is correct by the end of this year.
membership = $15/month. Since we're trying to be optimistic here.
$140,000,000 / $15 / 12 months.
You would need 777,777 paying MASTER members on average per month to do that, not to mention that $20 million LOC has to be paid back with interest (they will most likely need to use all of it).
Other costs:
Famous Artists with top 20 hits.
Board of directors.
Advertising.
Salaries. (Accounting, IT, Officers)
Bandwidth.
Insurance.
Legal Fees.
What they owe so far.
I'm not convinced.
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