InvestorsHub Logo
Followers 45
Posts 3303
Boards Moderated 0
Alias Born 05/17/2020

Re: MikeyInTheD post# 23929

Friday, 08/14/2020 3:49:34 PM

Friday, August 14, 2020 3:49:34 PM

Post# of 41921
Man, I still own 1.5m shares. Read my posts, i don't write to favour my position. Initially, i said they are right showing 1.8m deferred revenue, which was consistent with their PRs. But as i read through, that's where i see the gap. I know somehow they adjusted the Deferred Revenue affect with shareholders equity. But as i said, anytime you record deferred revenue, it has to be in the asset side of the balance sheet either in accounts receivable or if you received the payment, that has to be somehow in the bank unless you spent the money on something other than operational expenses. Anyway, i like to tell the truth regardless it affects my position or not. If you can show me the other side of deferred revenue, i will be happy to see that. thanks