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Wednesday, September 16, 2009 12:16:41 PM
There are at least two projects that will bring revenue in the door starting in October through construction and completion. I believe the ground breaking in October should trigger the release of the escrow funds (partially, and more as milestones are met).
BEHL also did not recognize any revenue from its VAR agreements for August. Those contracts might have stated the relationship begins 9/1 and we would see the 250K from Envirotek show up on the next set of statements (that alone covers 1 year of current expenses).
Construction revs will turn to royalties and VPN monitoring revs as soon as the Vegas facility is up and running. Considering the patent pending expedited set up program and FIX's experience in providing ground level expertise (in addition to being an additional source of funding for BEHL), there shouldn't be much time lag between intial construction and royalties (assuming the PBRs are setup in pod segments and can operate 1 pod while others are being set up).
Yep, I'm long.
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