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Re: Rupadupa post# 31849

Wednesday, 11/11/2015 1:04:59 PM

Wednesday, November 11, 2015 1:04:59 PM

Post# of 33394
More like reality. If you read the 10k's the $2 million is roughly the same royalty amount as what CIRC shows as royalty expense under the Beverage Distribution segment (for example, see the 2010 10K). The $2 million established was likely just the minimum annual royalty amount that was due since inception of the license arrangement. Mr. Iehab simply could not meet the terms of the original agreement.