How much is subtracted for internal costs?

The IVO Prospectus allows INVAO to use a maximum of USD 4 million to cover initial costs, i.e. for the period during which the IVO bond's business activity is not yet profitable.

Since the trading software has already been developed and is in operation and the performance of the BAP to date is above average, INVAO expects the amount to be significantly lower and well below half of this amount.