InvestorsHub Logo
icon url

Tonguehair

08/13/05 12:21 PM

#29612 RE: joedimaggio_6 #29604

Joe, it is not clear at all that Virgin will be paying those kind of fees going forward. The $$ paid could have been for past transgressions. Indeed, the 10Q language could be read to say, "this is the $$ they paid us for past offences and for a license through 2016. We could make more $$ off Virgin if PaperClick gets up and running..." Actually, I think this is the more realistic reading (ongoing committments to provide licensing revenue (if existent) would have been a crown jewel that management would have highlighted specifically and quantitatively, i.e. "under the terms of the licencing Virgin agrees to pay $xx qtrly, monthly, annually, etc.") I believe Virin has paid all they are going to. If PaperClick gets up and running, they may want to pay for that... Again, read the language; I don't think I'm off base here.