American Green Inc (ERBB)

[neilbolton]

Cgi, unfortunately this is one occasion that I actually hope I am wrong. But the actual agreement seems clear. The statement in the quarterly filings that MediaMax gets 40% of licensing revenue is at odds with the wording of the agreement, but is correct if one takes it to just represent the "net effect" of what happens. But for accounting you don't report the net effect of a series of transactions, but each individual transaction.