Lajet/Winston- I've looked at the slides and I

Lajet/Winston-

I've looked at the slides and I do not think that is the case (5.5M subs by end of 2016). I was not in attendance at the SHM, so we may need input from others.

If you look at slide 11, they show a quarterly revenue/profit bar graph, with a total for 2016 - this is the sum of the four quarters. It states that revenue is based on the assumption that each subscriber spends $5/month. Taking this figure and applying it to the number of subscribers each quarter yields the following:

Q1 - 500k subscribers total x 3 months x $5/month = $7.5M revenue
Q2 - 1M subs total x 3 months x $5/month = $15M rev
Q3 - 1.5M subs total x 3 months x $5/month = $22.5M rev
Q4 - 2.5M subs total x 3 months x $5/month = $37.5M rev

Total Rev = $82.5M rev, higher than the $70M revenue advised at a figure of 2.5M subs at the end of Q4. Considering that the number of subscribers is an ever growing qty, the number of subs to multiply for each quarter may be heavy in my calculations above. Considering linear growth from quarter to quarter figures advised by NTEK, you could construct the following average # of subscribers per quarter:

Q1 - 300k subscribers total x 3 months x $5/month = $4.5M revenue
Q2 - 750k subs total x 3 months x $5/month = $11.25M rev
Q3 - 1.25M subs total x 3 months x $5/month = $18.75M rev
Q4 - 2.0M subs total x 3 months x $5/month = $30M rev
Total Rev = $64.5M and closer to be in line with slide 11, showing quarterly revs of $8, 15, 22, 25M = $70M.

Therefore, I believe slide 10 does not show quarterly new subscribers, but rather the total subscriber base, rendering the 5.5M total figure in error.

In any case, even a 2.5M subscriber base yielding $25-30M/quarter in revenue is still very attractive.

Regards,
-kbulldog.