Amazonas Florestal Ltd (AZFL)

[SooS416]

Not a basher, I'm a CPA, currently hold 2M as i see this as a good spec play.

But the files you are showing detail shipments made in 2013, if the shipments were made when they are stated there should have been revenue recognized in those years as all criteria per GAAP would have been met unless collectibility cannot be ensured. So the only reason to not recognize revenue would be they are never going to get paid.