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Re: rickotto1 post# 2785

Thursday, 04/21/2016 8:44:36 PM

Thursday, April 21, 2016 8:44:36 PM

Post# of 13983
Me too gringo. We break the 4s tomorrow, then all next week churn and churn the 4's then head into he 5's for the following week. I think this will happen around 2017. Rico, I was looking at their financial, I came up with something that is a little puzzling and I need your help to figure this out. Looking into their financials from the OTC site, I came across a clause, that Harmonic is obligated to pay 3% royalty on gross sales, $2.50 for every tire they sale and $3.00 for every truck tire they sale to Kouie in Japan for 5 years starting 2012 and I would assume it would end in 2017. So, I think Mann is buying time, until the contract is officially over.