Future Valuation, page-196

Hi @may31291,

To be fair, I was actually using the estimated revenue for Brazil as a base figure to calculate projections, rather than sub-fees. I simply put subs in there as a loose indication of how they may arrive at this figure.

So maybe the sub fees I've indicated are too high for Brazil, but it doesn't really change my end calculation for projections. Remember it was stated that by the end of 1st year minimum revenues for Brazil should be $1M/mth.

Thanks for your input.

GLTAH, DYOR.