Hi Leigh,
I appreciate your point, perhaps we are at cross purposes.
The news of Nov. 12 stated GET is to receive 15% of the GROSS for 7 years. This is the EXCITING part. Setup costs are US $ 2,100,000.
I perceive the news of Nov.18 as the GUARANTEE of MINIMUMS.
The HONDURAN Lottery Agency [ government ] is obviously very confident of exceeding US$ 15,000,000 per annum. I suspect, the Honduran Lottery Agency expects at least twice that.
The release stated US$ 2,225,000 guarantee per year, based on MINIMUM performance. US$ 2,225,000 x 7yrs = 15,575,000
less US$ 2,100,000 [setup costs] = 13,475,000 or appx.
US$ 2,000,000 per year GUARANTEED, less annual expenses.
HOWEVER, imagine The Honduran Lottery Agency grossing
US$ 25,000,000 per year, 15% is US$ 3,750,000. Whose perspective, Leigh?
The news release also indicated discussions with other potential client countries. I wish GET management continued success.
Good fortunes |
