Peter Griffin wrote:
Posh Imp wrote:
Peter Griffin wrote:
So we've only received £150,000 or we've received £150,000 of any potential sell-on money?
I'm confused.
Basically, the deal was as I said it. We have had £150k which is 25% of £600k, but we will only receive 25% of any future fee in excess of that initial figure of £600k.
You may not believe me, but you will see...
It's also 10% of 1.5 million.
What's the relevance of £600,000?
The relevant figure is
25%.
We received £150k which is
25% of £600k which is why £600k is relevant.