Fins
Hey guys just thought about the math a bit and realised something cool. Last quarter earnings had roughly 900k in revenue and 1.4 million in accounts receivable. So basically 2.3 million income coming in from that quarter. (Yeah i know receivables are not quite earning but bear with me) Expenses were 5 million, with 2 millon in cash, 1million in staff shares and 2 million in buying passcreator shares.........heres where it gets cool. The shares are worth 50c right now. 1/8 of the value of that quarter.......so 3 million/8 is 375k.....with 2 mil in cash and 375k in current value in shares......we broke even? Yeah this thing could becoming an earning beomoth and the shares that we paid with will be much more expensive.....but who cares. At that point our shares/earnings would be high enough that we can afford it. Any thoughts?