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re: Post reporting Comet investors are demanding an audit!
Posted by: pitslre 04:38 pm EDT 08/16/17
In reply to: Post reporting Comet investors are demanding an audit! - Naughty_Rob 06:59 am EDT 08/16/17

My understanding from an investor who has actually seen some financial reports (all the investors get these, so if there's anything off I'd hope they'd have noticed well before The Post) is that show was running in the mid to upper $800ks pre-Royalty Pool. So assume on a given week it was returning +/- $120k towards a $14M capitalization...then assume some overruns on production, spending for Tony's, etc...easy to see how you'd end up somewhere 20-30% return. I also assume the 20% figure is cash returned to date.
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re: Post reporting Comet investors are demanding an audit!
Posted by: ryhog 05:11 pm EDT 08/16/17
In reply to: re: Post reporting Comet investors are demanding an audit! - pitslre 04:38 pm EDT 08/16/17

that sounds ballpark reasonable to me. it bears repeating that expenses are not static and that what's in offering papers is really a (hopefully) best guess. $120k a week divided into $14mil is over 2 years to recoup.
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