Thanks for your reply, I guess we are all in the same boat, smoke and mirrors until a declaration is made, I'm not an immediate fan of a TO, but there is something going on for sure, with the sp being stuck between 20 - 25c and the silence is deafening!! Cheers
StoneyD - a further €2m milestone per territory is payable triggered by 1st sale. €10m in total.
Recordati recorded the payment as being due at at 30th June in their interim's. It will not register anything further when paid in the full years accounts, unless it is not paid paid , in which case entry will be DR B/S Intangible Assets CR P/L reversal of Milestone.
It would not be good governance ( as is the case already) not to announce to the market receipt of the €6 m -… Read More
Where does the 2m payment for Portugal come from? sales / marketing, I dont recall a payment being registered ? Also is it possible that the 6ml payment has been made to PLE but no RNS by PLE has been made since takeover by RP and RP seems to be very economical with the info. Recordati wont register a payment completed until the annual report gets published. All very mysterious.
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