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Post# of 10733
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jamstah

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jamstah

Re: None

Tuesday, 11/01/2005 8:08:14 AM

Tuesday, November 01, 2005 8:08:14 AM

Post# of 10733
The real reason they missed is because during the period they did not finance their own contracts, they sold them to a third party the real question is what sort of cut does NAUG receive and how is it accounted for, what i see is that they deffered recognition, probably till the loan period ends or until total cash received= pricipal because theyve guaranteed the contracts. Now what i want to know is if in q3 onwards they started financing their own contracts.
I dont see much down side here b.v at .10c (NWAU) not including sunburst.

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