As of December 31, 2010, the Company reported revenue aggregate audited net revenue derived from the Client Contracts of $17,226,416. As of the quarter ending March 31, 2011, the Company reported net revenue derived from the Client Contracts of $4,221,806. For the two months April 2011 and May 2011 the Company received a net revenue figure of $3,418,000. Therefore the aggregate total of the net revenues through May 31, 2011 received from the Client contracts amounted to $24,866,222. Based on the aggregate net revenue received to date from the Client Contracts, the Marketing Partner is entitled to receive 21,897,999 shares of the Company common stock s of this date.
1st quarter of 2011 revenue= $4,221,806.
April and May of 2011 revenue= $3,418,000.
Projected for June and July revenue= $3,418,000.
Pojected revenue for 2nd quarter= $6,836,000.
Projected revenue increace for 2nd quarter= A 62% Increace over the last quarter!
Remember folks that these are audited financial statements.
Holy shit, give that CEO credit and anyone that can perform like this deserves those shares. He earned them. Now, I beleive that the projected income that Choi was saying of $20m is a very conservitive figure. This stock will be moving to the big boards with this type of revenue generating from quarter to quarter.
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