Replies to post #154640 on On4 Communications Inc (ONCI)

[dont-snow-me]

Unreal,All these contracts were portrayed as automatic monthly orders.No way they would get better than a 30 net 10 with a reorder coming each month unles Steve's an idiot. Oops I guess that last statement leaves the door open to anything.

[panther6262]

To add revenue recognition takes or can take place when the product/service is delivered.

For these monthly deals. They deliver 100k they can recognize 100k. Invoicing and collecting cash is totally separate. And for a business in this stage revenue is king. Of course not downplaying the need to collect.