Lease to buy, page-23

Thanks Windshift.

Both posts are clear and helpful in understanding the business.

My understanding is that the machines sell for circa US$300k.

There is a re-seller sales commission of about US$100k - which seems high but I suppose has to include enough "fat" to allow for service call outs etc.

The manufacturing cost is supposed to be circa US$100k but this would fall if volumes rise.

So, gross margin of circa US$100k per unit.

No sure but I think that gross margin is shared between LBT and JV partner.

There is also a software licensing fee that is also shares with sales agent and JV partner.

Overall, I am unconvinced by the numbers and the likely rate of sales.

GLTA