RE: Cost of GB Launch17 Sep 2018 02:35
Tubeness
Internet is of no help, we just have models or known costs for tech led innovations, I'll gather some for you.
The labour etc costs is available in Lionsgold company filing.
Dealings etc with banks we wont know.
Oppurtunity cost for inactivity this year we will never know. What we could have earned if GB launched 3 months ago ?
Whats your best ? a business this size launching global financial product - a million sounds steep ?
You hire 5 people on 50k a year and thats 250K straightaway. Dont forget our directors's salaries. Its all cost to us shareholders.
Essentially I would like to think an expansion of TRAC would suffice ? Thus reducing costs. But the chances of existing TRAC model to fit in excellently with world wide banking system - slim
I think a new inhouse bespoke system would have been designed already.
These are cutting edge fintech matters, they dont come cheap.
I will collate more information but am convinced its at least a million.
£379,651 = is the operating loss for 6 months upto Dec 2017. Last official report.
Operating loss for whole year ?