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Re: Evjay51 post# 3146

Thursday, 03/13/2014 1:07:51 PM

Thursday, March 13, 2014 1:07:51 PM

Post# of 9532
OK, I admit misreading part of the Pr related to financing, but it does not negate my point about when we will see revenue appear on the financial statements from this contract.
In the PR, there is no mention of the value of the signed contact, number of pods, or anticipated delivery dates dates. I am not sure that Greenway Wellness would be willing to commit to an order until local zoning is approved at each site. The zoning process would not have started before mid January, and I have no evidence that Mass has a fast track approvals process for zoning for MJ production and sale!
To my knowledge, FSPM builds to order based on client requirements. This requires a certain amount of engineering work, ordering of components,assembling of components, systems integration and testing. This takes time.
I see little if any revenue from this order showing up on an income statement until Q2 2014. I await posting of financial statements to prove me wrong.