Dec 2017 Shareholder Update Clarification

I just received a response from my email to Matt. The Royalties earned from the Sept 2017 quarter amounted to $319,271. We received and banked as per the 4C an amount of $23151. P & G were late again in paying the balance of $319271 in January. I have sent a further email to Matt to clarify whether the Royalties of $319,271 included any up front payment and will advise when I receive a response.

My take is the Royalty received from the September quarter is exceptional. Most of the reports that i have read on hotcopper point to considerably more product been placed on the market in the December quarter. I believe the 48 hour sale of 450,000 sales of Magnamask was in early October.