You got that right, beaten and left for dead. Here is my opinion, a biased one from a fairly large share holder. I am quite happy with today's news release, I was hoping for news w/ names and numbers, I got both, it was not exactly the Peninsula or Mandarin chain but I'll take it. A few more details like total room count would have been great, maybe a slight oversight from a 1 man operation? But no excuses and let's face it this is no major chain. You guys wanted update, you got one! When he gets his team together I hope his right hand man better be a day to day details type of guy since based on Shiva's past PRs it has always been broad and general, I hope this is a reflection of his personality and not intentional.
As for the $$ people are asking for, no way he can come up with that number at this stage. Too many things to work into, like ad rates in India, demographics (i.e. type of clients, region/location...), cost of installation and many more factors...considering the size, take it as a pilot project and maybe his future projection numbers in India will be based on this project. A very good start, don't forget this is only one of the many things covered in the CC.