Great post Koko. I have been looking for the past articles on the BSDS Triton merger. This is a excellent fit with neom; the deal needs to close.
Quickly glancing at each article I came up with 8.1 million dollars a year in revenue, and that is conservative. Triton is going to add some much needed revenue to neom's income statement. We are all waiting for the patent judgement, which I know is extremely important to our existence, but this deal is wwaaayyyy bigger than most posters probably realize. Another feather in our cap.
One excerpt:
"The contract is expected to generate over $500,000 in billed revenue per year in its first year. New services are expected to be added in the third quarter of 2005 that would add volume to the network and drive additional revenue."
As for the new 8k out, I'm not an expert but I would have to say that neom has a lot of control in this agreement. I do ask myself too where are we going to get 1.1 million per month starting May 1st. VERY INTERESTING!
"The Note is scheduled to be repaid at a rate of $1,120,000 per month commencing May 1, 2005 and continuing until principal and interest are paid in full."
Something has to give any day now!
Badapag
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