RE:Royalties to BurconStuart. If you are an investor in Bu or are considering Being one, it would be prudent to do your due diligence.
I heartily recommend you (and all shareholders on this board) go to Sedar.com and go to Burcon's documents filed there.
While you can't search for the License and Production Agreement by name, you can go to the document by searching date range (March 14, 2011 --- YES, 2011!!!!). It is the one that is 299 k in file size that is posted on that date.
Your questions should be answered in Articles 2 and 4.
No shareholder should be surprised with how ADM is screwing over Burcon after reading the one-sided agreement BU signed back then -- nor should there be any further questions on how incompetent the management team and the Board at BU are, once you read the Agreement.
While the royalty %s are likely attractive (all redacted), there are few pressure points for ADM to perform or cooperate with BU. If they want to screw over BU (shareholders), they can do so with impunity with this contract in their hands.
Happy reading