Appendix 4C, page-29

Management always say 'everything is very well with all the parties' but how well?
even if in the end there is no contract finalised, we can't blame them coz they didn't say there is, it's just everything is doing fine.
they know how we care about their ability to generate money, im not sure if the royalty % is confidencial or not, but since last update of COTY, it is excuted and we know nothing about it both with COTY and SKII, based on nothing we got from managemet, we still need to estimate their earnings and it is ugly.
Management is responsible for what's ganna happen next and they really really really have NO IDEA how to run the sp up.