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MikeDDKing

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MikeDDKing

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Re: littlefish post# 271

Wednesday, 05/02/2012 8:09:17 PM

Wednesday, May 02, 2012 8:09:17 PM

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The royalty drops to 5% at the 1 year anniversary. So, the last half of the year or so will have the lower rate. I don't have the exact date with me. The 5% drop in royalty rate corresponds to an annual pre-tax improvement of approximately $0.011 per share. The royalty drops to 0% at the 2 year anniversary. From there on we will have a $0.022 per share cumulative improvement in earnings.

Mike

SwingTrade is my favorite board - #board-1781

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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