mattkid - sorry to be boring, . . . . but another possible issue...

mattkid - sorry to be boring, . . . . but another possible issue with your modelling. . . .

if my recollection is correct, ACL does not have the same profit-share arrangements for Fonda in Europe that it has in the USA>

In Europe, it has a more standard royalty structure. I do not believe that the royalty has been disclosed, and so I would be guessing as to what it might be. However, my "guess" would be that it works out to be well less than 20% of top line sales??? Does anyone have any guidance on this point? How has Europe revenue been modelled in Southern Cross reports etc??