We were told in January that the Royalties earned for the September quarter were $319,271. Matt confirmed via email that all of these royalties related to product sales. The total royalties recorded in the 6 months accounts to 31st December 2017 was $526,727.00. This means that the royalties earned in the December 2017 quarter was $207,727. We were advised at the 2017 AGM that 450,000 units of Magnamask were sold in 48 hrs. I believe that we were advised that this was in October 2017. With all the reports on hotcopper about how much product has been seen on the shelves since October 2017 how could our royalties earned have dropped in the December quarter?????
Questions for 5 April Investor Call, page-10
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