Ann: Appendix 4C - March 2017 Quarter, page-132

I will tell you what would have made me happy and should have been entirely realistic.

3800 Olay store in China
80% carrying the wand
2 each sold per day
90 days
50 cents per wand

= $273,600 Royalties

instead of :

ZERO


The only way I can make sense of this is if P&G told OBJ.. "lets just hold off payment until we can obscure exactly how much you are getting for what. Next quarter you can show income from Olay, SK-II, plus the money from the new agreement... plus it will span multiple quarters.. nobody will have any idea whats going. Is that ok with you OBJ".. and OBJ answers "yes boss".