Yeah Otis, on our approaching end of the Fiscal Year and earnings allowed to be reported in it, still running around Houtheman's creative financing idea and amending last year's, adding unused joy juice to this year's.
Dunno if it's a GAAP* trick or not (*Generally Accepted Accounting Practice). The H-Man proposed the "correction" with a wink and a nod as basing the income on when the joy juice is used vs. When it is shipped. And, Hell, I'll go for that:), seems like Hayward mentioned the ginners holding off payment till they used it during the last 8k.
Several long held GAAP precedents and principles we comply with are easily summed up in:[/quote](1) sheer desperation
(2) liquidity panic
(3) consumption of mass quantities of alcohol during terms and conditions factorization.[/quote]Should be sober enough myself to get my ass off to work anytime now.
Vr
Mike Sharkey