BTW will you be attending the IGB conference in Amsterdam on the 12th of July? Luke, and some other Monster Byte principals will be there for certain; would be great to meet in person.
I haven't planned on it, but I likely will be pretty close by at the time. If I can make it, I'll let you know. Would be good to meet other bitcoin casinos in person for sure.
B - In no way are we trying to portray something dishonest; the P&L, ICO and whitepaper all have a disclaimer showing the sportsbook metrics assume the no-risk model which we are about to deploy. As you've been a follower for a while, you have a clear view of our historic sportsbook challenges, I also mention it within
this thread for reference.
[...snip...]
It's a mixed equity stake/salary based model; salaries are no doubt drastically lower than the norm in 2017 and part of 2018, but sacrifices have to be made short-term, and everyone involved will benefit from the equity model as it relates to dividends.
I think it might be worth while to break down the finances in a lot more detail and let people assemble it in a way that makes sense to them. There's a lot of stuff missing from them that leaves investors shooting a little blind.
For instance: in your spreadsheet you show that in 2016 you have a net income of $123,251. But for reference, what would it be if you used more generally accepted accounting principles? (e.g. the using actual realized gambling revenue for revenue. And counted the equity you paid out at the ICO price as an expense). From the financial statements it's not really apparent to me if this is a company that's making money and looking for additional capital to super-charge the growth ... or it's company hemorrhaging money and needs life support.
