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mcbio

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mcbio

Re: ghmm post# 133632

Thursday, 12/22/2011 7:33:50 PM

Thursday, December 22, 2011 7:33:50 PM

Post# of 253383

The Royalty rate (high teens) is unfortunately the best case.

"High single digits" is the base royalty. Max royalty is "slightly more than double the base royalty" which, taken together, I assume means max royalty is around 20%.

On the other hand the 30% if my quick read of the 8-k is right would be in addition to (lower) royalty.

The 30% figure applies to FoBs 3-6 and would take the place of the royalty as it would be a cost-profit share.
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