Merry Christmas, page-7

Hi Dos

Royalty amount is going to be interesting.
The revenue number is going to depend on a few details.

From what i understand the royalty will be based on retail sell through rather than sell in. That has become reality for wholesales over the last 5 years. Very few have been able to hold the position of yester year.

So what that means is the 200k units sold will only trigger a royatly when they are sold to customers not stores.

Now as for revenue reported it will depend on terms.

If it is 30 days after the qtr end there will be possibly sept and dec qtrs reported. If it is 3 months after the qtr as can be the case then it might be close to nil.

This is all different to cash received so i look forward to the info being made clear finally.

Either way its about to supply a lot of info to the market to start to estimate value.