Research Frontiers (REFR) Message Board

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Technology Stocks : Research Frontiers (REFR)

REFR 1.950

-7.1%

12:29 PM EST

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To: N. Dixon who wrote (2032)	5/6/2002 6:33:52 PM
From: Kevin Podsiadlik	Read Replies (1) of 50245

On an earlier topic: << No extrapolation necessary. The $37,500 in royalties is listed in the financials in 2001. Inspectech announced first sale in 8/01 so it would seem someone bought something. >> 'Taint necessarily so, as they say in the back country. 3.2 Minimum Royalties - Regardless of whether LICENSEE is selling any Licensed Products, during the term of this Agreement LICENSEE agrees to pay LICENSOR the non-refundable minimum royalties (in U.S. Dollars) specified below The actual amounts are deemed "confidential" and are omitted from the 10-K405, but why do I get the sneaking suspicion 2001's minimum royalty figures add up to oh, say, $37,500?

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