Thursday, September 22, 2016 11:10:17 AM
I don't have a hard time admitting that I'm wrong, when I'm wrong.
In this case, I'm not. I suggest you read up on the difference between questions and statements.
Plus, I didn't "spin" your GL construction visit. You just didn't like how I interpreted the facts of your report in conjunction with other evidence re: whether MCIG made progress,i.e., whether panels were delivered, or whether plans were "finalized" as it relates to how MCIG generates revenues.
You said the warehouse was empty. IMO, that's evidence that no panels were delivered. Therefore, per the contract, GL didn't pay the 45%. In addition, I think that deposits of 50% is done only after GL approves the final plans; which hadn't really happen since there the plans were amended.
With pictures showing no progress of actual interior panel assembly - it's safe to assume no progress was made on any of the projects and that they were ALL DELAYED.
I said that $0 construction revenues would be recorded into
Q1FY17 - and I ended up being right.
Dan, I respect what you write. I also get why you don't like what I write because it's coming too close to the truth about MCIG and Paul. And, like other people who own MCIG/VTCQ shares - it's hard to face the truth.
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