What I took from the time between those PR's about recognizing revenues and shortly after is that during the audit, Jimmy learned the acquisition had to be 100% complete to be able to recognize the revenues, which means not being in debt but having to pay 100% of his end of the deal (cash and shares). He probably thought he can pay it over time. I don't know how old he is, but I'm guessing he's young or just new at all this and learning as he goes, and mistakes will be made along the way. Things can arise in an audit and now he knows what must be done and is working on it. Being overly optimistic is one of my flaws as well, so I think I understand the situation correctly. Anyone agree?
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