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jamtomorrow2

11/04/16 4:52 AM

#4829 RE: Fred Kadiddlehopper #4827

I did a google search on the definition of mid single digit. Interestingly the only company that I could find that defined what they meant when referring to this type of term was Gap Inc. For mid single digit it was 3.5 - 6.4%

http://media.corporate-ir.net/media_files/IROL/11/111302/reports/guidance_legend.pdf

Based on the disappointing royalties that HALO has earned to date I would reckon that the 3.5% is highly likely. I admit my 2% was too low - or at least hope it was!