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Re: BigBake1 post# 53149

Tuesday, 10/06/2009 12:06:29 PM

Tuesday, October 06, 2009 12:06:29 PM

Post# of 111729
I am not convinced they have revenues from a contract. Their financials stated no revenue. Contracts can be misleading. For example they may have a contract contingent upon certain deliverables. Only when these are met will the contract trigger be implemented to generate revenue and production.

They stated a few "earnest" money accounts that would stay in escrow until they delivered a comprehensive plan of action to implement the solutions. Multiple things could cause that escrow account to lock up and the deals could fall through.

When the 1 acre pbrs are built and generating revenue I will be happy.