Hi Jojo,
thank you very much for your post.I am also surprised
by the high figures. I think most them have forgotten
the exchange rate between the UK POUND / AUSTR.Dollar.
Here a little example:
I remember :
RELENZA SALES GLAXO 4/2009 256 Mill.Pound=462 Mill.Dollar
32,6 Mill.Austr.Dollar/Roy.
The figures were calculatet on an Austr. Dollar exchange rate of 1,8182 to the UK pound. You know, the payment
will be calculated on exchange rates at 30 April 2010
Today the exchange rate is about 1,65 .That means
Relenza SALES 4/2009 256 MillPound=422 Austr.Dollar
29,8 Mill.Austr.Dollar ROYALTIES
Please dont forget this for your tipping contest !
Best wishes from Germany
sentence
PS: you know we have a lot opf rain here in Germany,
but this time we are on the sunny-side .
When you bought for 10000 Euro Biota shares 12 month ago,
now you get more than 13.500 Euro .Thank you very much
for your strong Austr.Dollar !
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