Given the secrecy around the price P/T or even the total revenues likely to be yielded from the Cabot’s arrangement, I’m also wondering how this might be maintained from an audit and reporting/compliance standpoint.
For example, how will the revenues or receipts from customers in the 4C be accurately disclosed without giving away a fair idea of the price being paid? What about the detailed financial statements within the annual report or half yearly?
If they are determined to keep the transaction details secret, they are unlikely to be making “traditional” payments upon receipt of each shipment. It may be (say) a back-end balloon payment, several milestone payments etc. etc.
PIO Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
