How about a jaws with a lower playfield that rivals Black Hole

It will be announced at Texas

I do believe Gary inflates these numbers. Keep in mind if they're averaging a 100 machines a day, here's the math of Sterns top line revenue. 52 weeks a year, multiply that by 5 days a week=260 total days. That means they'd be making 26,000 machines a year at an average sale price (rounding down to $5,000)=top line revenue at Stern of $130,000,000.

I'm going to share with you some numbers from 2019, keep in mind this is not 2020 numbers so sales could be up but I doubt top line revenue is up more than 20%.

Stern took out a PPP loan in 2020 that would have been off of 2019 payroll number. Their loan was $1,850,000. This would have been for 2.5 times of average monthly payroll (1,850,000 divided by 2.5)=monthly payroll of $740,000.

Then take the $740,000 and multiply it by 12 months so you'll get annual payroll of $8,800,000. Keep in mind this should include benefits (401k) because Illinois is a state that requires 401k for employers that have over 25 employees. Granted Stern doesn't have to match anything in the 401k but I doubt they wouldn't. In this case, let's just assume they don't so annual payroll expenses will remain at the $8,800,000.

Most manufacturing run around 30-40% of payroll expenses. I have to assume making pinball is very manual so this would drive up the number. If we went in the middle at 35% (you take the 8,800,000 divided by 35%)=top line revenue around 25,000,000. If you're at the low end of 30% expenses it puts it around a 30,000,000. Far less than a 130,000,000.

It should be fairly accurate. The math isn't complicated at all. There's a few variables but the payroll number (expense) is a hard number that you can back into the rest very easily.

You are somewhat correct. You can use the proceeds to pay for rent, utilities/etc. For the loan to be 100% forgiven the company had to use 60% of the proceeds towards payroll and the other 40% could be used for what you mention above. But the calculation to determine how much of a PPP loan you received was strictly off of monthly payroll with benefits.

How’s it look

I thought the same thing

Why should they be seriously punished???? IMO that’s an idiotic statement. There’s no harm, everyone knows it’s Godzilla and I’m guessing knowing Cointaker’s Impeccable reputation it was just overlooked. That mentality is the sue everyone mentality. Maybe your Robert Mueller in disguise

It’s the real limited edition and if you doubt it, please hit me up via a private message and let’s place a $10 gentleman wager