Seton........to each his own.
I rely heavily on the SEC reports for the following reasons...
1)They provide the most current financial information
2)They go through a filtering process
3)The are examined by independent auditors
4)They are signed off on by company officers
5)They are sent to a federal oversight body, the SEC
Oh....and regarding KDS sales, I found the following two statements from that recently filed 10Q to be quite informative.....especially considering that we know the third machine sale to be the KDS sold to the South Korean company.....the last sale press released by the company.
"Revenues from the sale of KDS machines are recognized when there is a sales contract, all terms of the contract have been completed, collectibility is reasonably assured and the products are delivered. During the nine months ended March 31, 2005, the Company sold two machines and received a deposit for the sales of a third machine."
"The Company met this minimum sales target in fiscal year 2004, and has already exceeded the target for fiscal year 2005 with three sales so far and a fourth contract signed awaiting deposit. Sales are booked when the equipment is delivered."
Pretty straightforward, IMO.
