CALYPSO GETS IMMEDIATE REVS! JUST CAUGHT THIS READING THE 10K!
MAKE SENSE?
Minimum Purchases
1 100,000 units upon execution of the agreement; 150,000 additional units purchased and delivered prior to the end of the contract year (400,000 additional units if exclusive Territory is expanded to include the European Union).
"100,000 units UPON EXECUTION OF THE AGREEMENT". The agreement was executed April 20th so CALYPSO HAS MADE A SALE OF 100,000 PHONES!
I'm guessing these are the phones asnapie been talking about that are almost ready! It all makes sense.
assume they make a margin of $40/phone (would be higher but Calypso is farming out phone manufacturing), that's $4MM margin (not revs, margin)
