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Re: None

Tuesday, 03/17/2015 1:09:15 PM

Tuesday, March 17, 2015 1:09:15 PM

Post# of 6655
No revenues are realized until a project is completed according to PCAOB ( Public Company Accounting Oversight Board ) rules. I do not expect revenues this quarter. Usually, I cannot expect any sales to be completed within 6 month from beginning to end. If the company had a contract today, it may not realize the revenue until September's report. The company has only contract employees and not regular employees. Even the CEO is a contractor and not recorded as an employee. Things would be different when the company grows. I remember a high tech company having six regular employees and 70 contractors or non employees. Yet, everyone worked more than 30 hours a week.
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