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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (2438)8/25/1999 12:57:00 PM
From: Rob W  Read Replies (1) of 4443
 
Do you recall how the other figures were stated. I thought they were in terms of by "end of year." If so then they are materially different than the last 10 million number as it is put in terms of average volume in the first year. Surely the volume at the end of the year will be higher on day 1, but averaged together perhaps they will equal 10 million.

I again am puzzled by "first year." I believe the fee schedule works off the calendar year, i.e. volume discounts are prorated off of the calendar year. However, the 5 year contract with the Philly I believe start with the start of operations. We shall find out soon enough however.

I couldn't find the earlier statements although the first was 20 million and the second was 20 to 30 million. My apologies if my recollection is wrong and they in fact were stated in terms of average volume per day as opposed to end of year.
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