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Dec 2017 Shareholder Update Clarification, page-2

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Beancounterobj

539 Posts.

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01/02/18

10:05

Post #: 30727786
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Originally posted by Beancounterobj ↑

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.

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I just received an email from Matt advising that there was NO upfront Royalty payment. This means that royalties earned in the September quarter were all from product sales. An outstanding result considering how much more product was on the shelves in the September quarter. I am really looking forward to finding out in 2 weeks how much royalty we earned from product sales in the December quarter!!!

OBJ Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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