Axis Technologies Group Inc (AXTG)

[Prudent Capitalist]

I think he may be referring to the actual received purchase orders for the redesigned T8 ballasts, which can only be filled after the UL certification on this new product, which was predicted to come this month. As noted in the 10Q, these orders waiting to be filled total "nearly three quarter million dollars," or he could be referring to the EIG firm commitments for orders, which have previously been reported. I assume the EIG orders may be included in the referenced 3/4 M of pending orders. There is also mention in the 10Q of an apparent specific order in the amount of $247,000, in connection with the $150,000 of funding in late May, which must be repaid upon fulfillment of the order. This is likely also included in the aforementioned figure, but who knows. It appears that the UL certificatioin is the linchpin here, and it is not yet clear just what the UL action on 6/23 with regard to Axis actually was.