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The Procter & Gamble Company (PG) Q3 2019 Earnings Call Transcript, page-25

  1. 196 Posts.
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    If you look at company's comments re backpay on royalties, increased royalty rates, upfront payments and new products, we could reasonably expect between $500k - $1mill.

    We have no real idea of the volumes for the new products nor the royalty rates nor the amount of backpay BUT the impression is that the Olympic Team has negotiated competently and this will be the acid test for them.

    To say that it will be next quarter again really only confirms that not much has changed at all.

    I see this quarter as the tipping point. To me, they don't want to create too much excitement when announcing the results, even if there is a sharp increase, because sustaining it is out of their control.
 
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