Ann: Quarterly Activity Report & Appendix 4C, page-26

Are you allowing for the progressive revenue recognition from the initial payment for the Striate Agreement? My recollection is the initial fee was paid in a lump sum but they've been recognising the revenue over time. This makes sense as they will have obligations under the agreement which will be fulfilled over time.

But presumably that will result in a step drop in revenue when the amount is fully recognised. Happy to be corrected but this is one reason I've been a bit disappointed with the relatively modest growth in revenue from the manufacturing/product supply.

Someone following this more closely may be able to provide the rate of recognition from the initial agreement.