InvestorsHub Logo
icon url

bocxman

07/19/05 9:30 AM

#699 RE: cannonball2010 #697

Cannonball: Read Wittenberg's quote again -- he said revenues in the 10's of millions WITHOUT COSTS INCREASING. That is the whole point of a royalty business model -- smaller dollars but no overhead. I used $19 mil as my earnings, which is $20 mil in revs minus $1 mil in fixed overhead (the current burn rate). You can bump up the fixed overhead # if you like and it won't make much of a difference.