If a PR is put out by any company that monies are received in exchange for goods or services, then it is a 99.9% bet that in fact the monies were received.
When the company cites "pending" export sales to Israel", it is very easy to assume that nothing in this agreement has been accomplished.
It would then be my considered opinion that something else happened. Economic pressures hit both Israel and the US. Letters of Credit were obtained and as was stated in the PR, the deal would not impact the current capital base of Drinks.
This therefore means that the deal is more than likely pre paid in advance. Since Pixel is obligating itself by contract to at least $250K-$300K a month minimum, then it would seem more than adequate to assume they pre paid for any length of time from as little as a month to 3 months or more.
Since the PR states, "pending export sales", and these sales are prepaid in as little as one month up to several months in advance, THEN EVERY FUTURE MONTH FOR UP TO 15 YEARS THAT IS NOT PREPAID IS CONSIDERED "PENDING EXPORT SALES TO ISRAEL."
Either company could have very easily made some adjustments to the current agreement. They could be ordering more. They could be ordering less. We'll know when we know.
In the meantime, it is also possible that Pixel perhaps only paid a month or two in good faith and is sending more money for more product. Perhaps they only paid a month and PK is insisting by contract they pay three months at a time because of the shipping costs.
Like I said, we will know when we know.
The point is the deal is happening despite the economy on both sides which hampered Pixel's ability to keep their commitment to Drinks as was originally released.
