Wednesday, August 10, 2016 12:40:35 PM
NHMD
Monday is day 90!
Item 8.01 Other Events
Since April 24 th , 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. On May 18 th , 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. The Company expects the final negotiations of the contractual terms will be completed over the next 90 days and the licensee plans to begin production within 120 days of execution. The Company anticipates the royalties received from the sale of the licensee’s product will significantly contribute to the Company’s revenue.
For every penny in royalties will represent .013 in PPS
This is big.
2mm units/month and the royalties has to be more than .01 per can. .05? Think .50?
A dollar maybe too much, but holy Cow!
Float is 273.5mm and held tight.
Monday is day 90!
Item 8.01 Other Events
Since April 24 th , 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. On May 18 th , 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. The Company expects the final negotiations of the contractual terms will be completed over the next 90 days and the licensee plans to begin production within 120 days of execution. The Company anticipates the royalties received from the sale of the licensee’s product will significantly contribute to the Company’s revenue.
For every penny in royalties will represent .013 in PPS
This is big.
2mm units/month and the royalties has to be more than .01 per can. .05? Think .50?
A dollar maybe too much, but holy Cow!
Float is 273.5mm and held tight.
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