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FillTheGap

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FillTheGap

Re: GordonGekko1982 post# 12788

Monday, 11/20/2006 9:33:18 AM

Monday, November 20, 2006 9:33:18 AM

Post# of 114954
GordonGekko1982,

I agree with you that it would have been nice to see that amount in an account other than AR which can be discounted at a later date. As for your statement that they would realize the profit at the time that the money arrived, that is not correct. If you check Paypro's documents they are an ACCRUAL BASIS company which means they have to show the profit at the time of logging the sale. If they were a CASH BASIS company then you would be correct.

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Slow and steady is the way to go
All statements are my opinion and should not be considered an indication to buy or sell a security. Do your own DD.

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