You are correct whether you saw this slide or not. It is not a prediction of future income.
It is headed as ‘Conceptual’ because it is being used to explain how the IP sales model works.
Nothing more and nothing less.
The Chair at this years AGM said the same thing when trying to explain to the aggressive unhappy shareholder how IP sales generate revenue over time.
Just like the ‘Conceptual’ chart he was not making forward revenue predictions.
My opinion only along with that of the Oxford English Dictionary meaning of the word ‘Conceptual’ DYOR
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