Amarin Corp Plc (AMRN)

[HDGabor]

It's not IF: ' ... the quarterly payment payable in that quarter can at the Company’s election be reduced and with the reduction carried forward without interest for payment in a future period.'

10-K 2012: '$2.5 million of interest due to Biopharma in November 2013 ... $2.5 million of interest in the first quarter of 2014; $8.0 million per quarter in each of the next four quarters ...'

10-Q1 2014: '$8.0 million in the third quarter of 2014 and in each of the next two quarters'

and

'The first repayments under the agreement of $0.8 million and $1.0 million were paid to BioPharma in November 2013 and February 2014, respectively and an additional $1.1 million is scheduled to be paid in May 2014.'

paid / scheduled:
13Q4: 0,8 - 2,5 (32%)
14Q1: 1,0 - 2,5 (40%)
14Q2: 1,1 - 8,0 (14%)

It looks for me that they have to pay the 8-10% of the revenue as a minimum and the rest is paid or deferred at the Amarin’s election