Net,
",because the balance would now be recorded as sales and the difference as a receivable. "
If I remember from the 10Q's. FASC does not book sales until delivered and paid for. Due to the fact that they are not paid for they would still be considered inventory for Bookkeeping purposes?
"Did the party giving you that piece of information indicate how or when the balance would be paid? "
I asked Brian about it a year ago when I quized him on the 10Q's. I am just speaking from memory. How-ever I have asked him since if we have been paid yet, and he answers he is still working on it. I have shared that here previously.
Brian will discuss things stated in the 10Q, but nothing else. He is very tight lipped.
When you talk to him, have one of the PR's or 10Q's in front of you and say..I am reading from.. then ask a question. Answers will be vague, but I try to fill in the blanks.
I find that if you are respectful he will talk a little. He does not owe us anything but 10Q information. Anything else he is not obligated to. At least that is my understanding.
Just my thoughts to share,
RJ
