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Mita, do you know how the "Milestone payment" is calculated?It...

  1. newB
    6,951 Posts.
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    04/06/14
    15:24
    Post #: 13460415
    Mita, do you know how the "Milestone payment" is calculated?

    It seems to me if the net sale reach $100M in ONE calendar year ACR will receive $25M from Lily and $50M if the net sale reach $200M.

    My question is: if the net sale in 2014-15 fail to reach $200M (seems the case)but still over $100M, will ACR get $25M Milestone payment from Lily? or get nothing?
    ACR Price at posting: 76.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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