So if I am understanding this they received royalties from Kaken until SB was bought by Botanix. We can see that during this time Kaken results were ramping up. Say $80k per qrt to be conservative = annualized is $US 320,000 convert to AUS $ 470,000. 10 % royalty? Is Kaken making $3.2 million in start of sales first year? Thoughts? we know they are selling around 300,000 units now. We know that Ecclock sells for about US $46 for a 2 week supply which equates to almost $14 million. Something is not fitting unless the ramp up of Ecclock sales was very quick and they were being paid with a lag from previous qrtrs. Interested in others thought.
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