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Paul Tomlins

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About Paul Tomlins

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    03 Oct 2002
  1. It seems to me that you are using the contributors as de facto shareholders in order to raise capital for further investment by taking money from your suppliers. In the case of the royalty rate drop from 60 to 50%, which was used to grow the North American business, well, we haven’t seen any return on our ‘investment’ to date. Why will it be different this time? I could also argue that if your business is flatlining whilst others, e.g. Getty are in debt, then you are doing well in a tough environment. As others have said, dropping prices to ensure sales or periodically hitting the
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