Please provide a link to a verifiable source which supports your contention.
We topped Q3 '07 revenue (even with a $400K loss of revenue from one contract) WITH NEW GROWTH!...So the numbers are not showing the new revenue growth because of the one temporary set back which they are working on recovering for 2009.
Robsct, tell us, in the following paragraph from LBWR's SEC filings that you have posted, is LBWR saying that it had written off $208,000 in Accounts Receivable, but then collected it in 2007 and therefore it increased 2007 revenues by $208,000.
Is this what LBWR is saying?
"Revenues for the three-month periods ended September 30, 2008 and 2007 were $1,292,472 and $1,352,671, respectively. The decrease in revenues is principally due to the inclusion in third quarter 2007 revenues of approximately $208,000 in collections on accounts previously written off. Adjusted for this $208,000 in revenues, third quarter 2008 revenues increased over third quarter 2007 revenues, primarily because of revenues from our Wyoming operations acquired during the fourth quarter of 2007. This increase is despite the expiration of a particular client's account agreement amounting to approximately $400,000 per quarter. We are currently in negotiations to resume services to this client, and we anticipate that revenues from this client may resume in some amount in the first quarter of 2009."
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