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Touchstone Strategic Income ETF V.SIO


Primary Symbol: SIO

The Fund seeks a high level of current income with a focus on capital preservation. The Fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. This is a non-fundamental investment policy that the Fund's Board can change upon 60 days prior notice to shareholders. Income producing securities generally include corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks. The Fund will engage in frequent and active trading as part of its principal investment strategies.


ARCA:SIO - Post by User

Post by Atomicboy1on Jan 01, 2016 9:59pm
268 Views
Post# 24424324

Some Rough Math - Looking Bad....

Some Rough Math - Looking Bad....Hello, I did some rough math, things are looking pretty bad. 2015 operational costs were $2.5M. In the 2016 Q1 news release on Oct 28th Nicholas indicated rental revenues were already over the full second quarter of 2104 ($8,000) and 2015 ($15,000). If you combine $8,000 + $15,000 and multiple it by 2 (half way point of the quarter) you end up with approximately $46,000 in revenue from rentals. This works out to about 6000 movie rentals per quarter @ $7,00 per movie. The 6000 movie rentals for the quarter includes the additional 5.9M Samsung TVs. The rollout of 3DGO through Samsung SMART TVs has failed. I think this is why section 12 of the court order says: Orders that the LOI (Exhibit P-4) and the cash-flow forecast (Exhibit P-3) be kept confidential and under seal of the court. After reading the Court Order and the Motion, my understanding is the intent is to sell the entire company including 3DGO as a package. Based on current rough math and the North American Samsung deployment, if 3DGO was to deploy in Europe and Central America they would gain access to about 30M additional 3D TVs. This would increase rentals to approx. 24,000 per Q and equal approx. $168,000 in revenue per quarter. $168,000 in revenue per quarter is well short of what is required. The only way I could see 3DGO surviving is to complete the International expansion and increase rental fees to $11.99 per movie. This would generate about $1.1M in revenue. I have no idea what the service charges would be from gracenotes, studios, patents which will be sold, etc. Just some rough math. GLTA.
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