Instead of begging for PR's which don't mean squat unless they have some substance which will effect the bottom line, I would like to see some transparency on revenue recognition.
The PR's issued covering the LOI with Delba 3 & 4 totalling 18 mil in revenue, have not been updated as to a purchase order being issued, which should trigger revenue recognition. Without that it remains an unfinalized document.
The only other way revenue can be realized is upon delivery and that is estimated at mid 2009. The 5.5 mil in revenue from the bouyancy order with FT gets realized in Q3 and Q4.
Where do we stand in the meantime? Very little clarity, boat-loads of guesses from this board, and a declining share price. hmmm.
I think we can thank Prospect Capital also.
JMHO
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