Replies to post #117870 on Seaniemac International Ltd (fka BETS)

[Drugdoctor]

It's how they make PROFITS - the amount bet...

[wrenchmonkey79]

Turnover revenue is how much money was placed in bets. If they were really making money, they would use the term "net" profit. But that number is too small to be putting out there if they are looking to dilute. Still long, still a joke. Invested a grand here early '15. Im hanging on to 50 bucks right now. Don't invest your money here.

[Toxic Avenger]

Turnover is the amount bet
Gross Revenue is the amount the house kept out of turnover
Net Revenue/Gross Income is Gross Revenue minus direct costs of getting that revenue
Net Income is Gross Income less all overhead (Selling, general administrative, interest, depreciation, taxes) costs.