Thanks Strukture. Could we do some further math speculation on this?
Piggybacking on your findings, regarding the TS Eras Concert movie showings in China:
"11% of 75% of box office receipts rough calculation - not including the Taxes from the Chinese govt"
That works out to eight cents ($.0.08) of every dollar does it not?
$1.00 × .75 = .75
.75 x .11 = .08
If the Chinese government swipes 20 percent of the 75 percent, (hope I'm overestimating there)
that'd still give ABQQ five cents on the dollar. Would you say this is correct?
1.4 Billion people in China..
690M females..
if one in every 100 Chinese citizens go see the Taylor Swift movie, paying about $20 each (I've read conflicting reports on how much Chinese theaters charge for movies vs. how much TS people and IMAX insist on getting for a "special event" concert movie in 2D or IMAX so im arbitrarily going with $20 here)
140 million × $20 =$280M
$280M × .05 = $14M for ABQQ
$14M to spend on further share buybacks..
Plenty of ammo for Mr. Deng to follow through on the buybacks mission.
Stratosphetic possibilities if he does!
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