GUMM - Eliminate the Common Cold Message Board

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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: Kevin Podsiadlik who wrote (3912)	8/7/2001 4:21:34 PM
From: rli123	Read Replies (1) of 5582

Kevin --- What you're missing is an understanding of the Asset Purchase Agreement --- which, according to the Proxy filed with the SEC, includes: "As additional consideration, Wrigley will pay royalties to the Company equal to 5% of: * gross manufacturing sales, if any, of certain products (the "P&G Products") developed pursuant to the Joint Development Agreement between the Company and The Procter & Gamble Company for a period of three years after the first date on which any P&G Product is launched, subject to a maximum of $1.2 million; and My assumption is that the Crest dental gum qualifies (I think this is a reasonable assumption, although certainly some may differ). So, the answer to my question, Dan, is 5% up to $1.2 million. Not alot, but we'll take it. And Hank --- that's 5% of GROSS MANUFACTURING SALES, not profits --- are you still hallucinating? rli

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