Hi Mak Royalties if the terms follow normal contracts will be 6...

Hi Mak

Royalties if the terms follow normal contracts will be 6 monthly, paid one month after the half and full year. So no cash would have been possible.

Next qtr the only chance of income will be an upfront fee for the 2 licenses in discussion.

I hope they tell us (and I will follow up once the agreements are in place to determine the deal type) I'm expecting some cost recovery so it will take possibly a year before they are getting anything sizable from these licenses. Any luck it will show something in Sept depending on above.

I wish the same as it would not hurt for them to be plain about the situation, to many investors expect funds to roll in every month.