Paul,
I don't disagree that this is all extreemly bullish.
The point I was trying to make (not very well) was that sales of double the first half of last year wouldn't, on their own, make Indigo cash flow positive. There would be a 500k shortfall. I'm assuming that the difference is possibly an even more bullish scenario. Either double translates into 180% or revenue is being received from license payments (500k is still owed to Indigo, but I'm assuming this doesn't fully get paid until July as stated in the 2004 deals). Or, maybe, it's just a bit of both.
However, there is anothother senario, maybe Indigo are now receiving royalty payments over and above the original IP deals?
Any thoughts?
Simon