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Re: BillV post# 30605

Friday, 09/14/2012 4:24:36 PM

Friday, September 14, 2012 4:24:36 PM

Post# of 52928
Yes I agree now you didn't read the GPRE rev. rec. statement

Maybe I should spell it out?

GPRE can book revenue whilst GERS still has no right to royalty (at that moment)

This is my quote from GERS sec file

The Company recognizes revenue from licensing of the Company’s corn oil extraction technologies when corn oil sales occur.



And this is your quote from GERS sec file

GERS recognizes revenue from its patents when a customer ships the oil

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