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nelson1234

04/25/11 6:43 PM

#1119 RE: sbb4th #1116

sbb, just a note on the cash, its up because they have new debt under notes payable for $2.609 million this quarter.
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CharlesNet

04/25/11 7:26 PM

#1124 RE: sbb4th #1116

I think you have it very correct. The disappointment is in Qtr to consecutive Qtr Revenue.

However, part of the A/R issue is that they were likely taking Revenue early and the Audit corrected that. So, some of the Revenue from Q3 and Q4 and possible Q1 and 2 were pushed into 2011. That should make for a huge Q1.