IMO current prices of FTC will look very cheap and soon. FTC is...

IMO current prices of FTC will look very cheap and soon. FTC is in roll-out thru China and already earning substantial usage fees, maybe $40,000 - $50,000 every day. The accounting problem that Australians have difficulty grasping is that in China invoices appear to only be issued annually in arrears and under Australian accounting audit standards for ASX companies income cannot be accrued until invoices have been issued. Initial sales of FTC were in 4Q2018 and these ramped up in 1Q2019 so all being well a lot of invoices should have been issued in 1Q2020. In Australia royalties like this would be paid monthly or quarterly but alas in China they are paid annually. After FTC has more bargaining power it may be able to get quarterly invoicing contracts,