News Focus
News Focus
icon url

capitalismforever

11/05/12 8:10 AM

#6726 RE: Abig #6725

"I think you just like to be argumentative."

You're free to think anything you choose.

"Come down from your ivory tower for a moment. You nor I know for a fact that the revenues that were booked were in fact that particular order it could have been other orders."

Lets use some common sense about it. There's been no additional talk from the company of any other orders. Do you think you can argue that a company who writes a PR anytime the CEO breaks wind is not going to publicly announce other orders? Second logical argument in addition to that point is: the amount of money that was estimated on a 12k order is far too close to what was booked to think it came from any other sales other than the 12k.

So yes, I feel more than confident that this money came from the 12k order announced back in July.

"The company never officially stated that the 12k order was shipped a share holder stated it"

The company doesn't have to say whether it shipped or not to know whether it was. They book revenue according to the rules of accrual accounting. How we know his is because of the item titled "accounts receivable". Every time that item is found in a financial statement it's accrual accounting. Unlike cash accounting, revenue is recognized only when an order has been shipped and regardless if money has been actually collected.

"Exactly! You are arguing apples and oranges just to be agumentative and to try and prove you are more inteligent than everybody here.I never claimed to be wise nor inteligent so I will defer to your superior inteligents."

I'm not arguing apples to oranges in the least. I eagerly challenge you to be specific.