RAC 0.99% $1.51 race oncology ltd

Hi mate how does royalties play out if we do get bought out ??...

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    Hi mate how does royalties play out if we do get bought out ??
    Let's say joe has 100,000 shares and the buyout is $15 with 10 year royalties
    So he will receive $1.5 mill because he has 100,000 shares
    And if the royalties are payed out at $.20c a share he receives $20,000 is that yearly or quarterly ??
    Also what if we do have 10 years royalties
    But the company that buys us still has 5 years of testing before receiving profit?
    Would the royalties start when they start making money or right away. ?
 
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