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Sunday, June 06, 2010 9:11:00 AM
BEHL sold a system (currently being deployed)
Phaeton is it being deployed ? Can you please tell our customers when they will receive the end product from the deposits they have made on various systems? I do not think there is an infinite timeframe for Behl to deliver the finished goods. If you order a car from GM and it gets delayed over and over then at some point I would venture to say you would probably cancel the order and look to another supplier.
If you walk into a shop/store and buy something, that is revenue for what ever company owns or operates the shop/store
I agree and 99.99% of the time that shop or store will deliver the goods you purchased.
Behl is sitting on a SIX million dollar P.O. that was PR'd last year. If Behl reports the down payment as revenue but then has to return the down payment because of failure to deliver in due time then those reported revenues must be retracted.
At this point I want to see organic growth -- Revenues that Behl generates from their internally manufactured PBR's that produce, extract and deliver finished goods to the customer (forms of algae). Followed by an invoice sent by Behl and receipt of payment in the form of cash from the customer. Then we will know we are in business.
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