RCMW Group Inc (fka RCMW)

[palmspringsbum]

The exclusive license for the technology is for worldwide distribution.

That's not what the document says.

and non-exclusive licence for commercial exploitation to make, use and sell Licensed Products worldwide;

Read more: http://www.faqs.org/sec-filings/100503/CLEAN-POWER-CONCEPTS-INC_8-K/cleanpowerexh10_2.htm#ixzz1DZcoLN1R

The exclusive license is only for Canada.

The Minister may grant other licenses with respect to the Licensed Technology in any geographical locations, other than Canada.

But thanks for the link, I haven't looked at that 8k before. Lots of very good info in there:

(b) Minimum annual royalties (MAR) payable in advance for each License Year, to be applied as credit against royalties payable to DFO during the Licence Year for which the minimum annual royalty is paid. MARs are due as follows:

(i) $5,000 due no later than April 30, 2010;

(ii) $40,000 due no later than April 30, 2011; and

(iii) $20,000 due no later than April 30, 2012, and April 30 of each year thereafter until expiration of this License.

If royalties owing to the Minister exceeded $100,000 in any Licence Year, the MAR for the following License Year will be increased by an amount representing 25% of the amount of royalty in excess of $100,000 in the preceding License Year, provided that the MAR in any License Year shall be no less than the MAR paid in any previous License Year;

(c) a fee equal to ONE THIRD (1/3) of any lump sum and monetary value of any other consideration, other than royalties, due to the Company from any of its sub-licensees; and

(d) a royalty of TWO PERCENT (2%) on Revenue from the use and sale of Licensed Products by the Company and its sub-licensees.

The 2% is the most expensive part, it's on the revenue, not the profit.

Now you've got me wondering what the terms of the US license are.

I guess I'll be revising my earnings per share estimates. This stock is more work than it's worth.