Ann: Wave II LIcensing Term Sheet Executed, page-71

Hi MAk

Half asleep due to kids.

Stand corrected, the launch could occur in first qtr as the Apr 4c would not recognise revenue.

The terms for reporting statements are 45 days post qtr as per G. What you will find is cash accompanies the statement (it is not treated as a typical creditor with 90 day terms).

What I think you will find is that the wand rollout will complete in first qtr, and then the launch of the new product will start and complete by third qtr and in the 4th qtr we will get the typical xmas.

They don't tend to have products coming at consumers,but manage the products. This year they only had RNA, typical xmas floral set, and the wand gift set and they did do the launch of the gold brand, but no rollout so that still needs to happen as well in the time line.

as always we wait and see what happens