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Re: None

Friday, 12/01/2017 11:31:40 AM

Friday, December 01, 2017 11:31:40 AM

Post# of 205107
I can't believe the discussions going on involving the postings on Twitter by us stockholders who are outside observers determining what is a sale or not a sale. Then from this data do accounting to announce the daily sales amount. The intent of twitter is to give everyone an update on the trend of the company. Yes it has to be accurate but nothing says all information has to be posted. There are contracts, especially US Government, that restrict public disclosure with approval by that agency who issued the contract. Public corporations may have even more stringent NDA's so as not to tip off competitors on what they are developing.
You can add these sales all day long but treat them as estimates and you are better off and stop nit picking the amount.
The other variable is -what is a sale? Until shipped it is general listed as backlog, once shipped and invoiced it can be listed as a sale. On the other hand on large contracts advanced payments or progress payments may under proper accounting be credited as a sale
You can believe, Arrayit accounting is swamped trying to report in
an accurate way so that this information is valid Yet to believe us outsiders who have no access to detailed information is ridiculous. Let the financials show us the way. I like the tweets as they show the general trend and give me a feeling the sales department is doing their job. Have faith- Arrayit is moving in the right direction-anything not being done for the good of the company is hurting the principals more than us.