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ZachBuffett

08/29/18 8:56 PM

#581 RE: Phaedrus77 #580

“In February, 2018, a new customer entered into a contract with Greystone to purchase plastics pallets with shipments occurring from May 2018 through about August 2018. The customer prepaid $4,595,034 to provide funding to Greystone for procuring raw materials to produce the pallets. Revenue will be recognized by Greystone as pallets are shipped to the customer. The unrecognized balance at May 31, 2018 was $3,404,334.”

Going to be a big Q1 it seems.