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bgrass1

06/12/13 12:47 PM

#46819 RE: LngonDrp #46817

In the last 10K they discuss how revenues are recognized. Swami is correct. It is recognized when shipped.So if they are projecting about $300K in revenues for the April- June Q, they will not be in all 8000 Walgreens locations by June end as promised.....another deadline missed

What a horrendous disaster!!!!!!
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StockOptions

06/12/13 12:48 PM

#46820 RE: LngonDrp #46817

Lng - This was discussed a while back and the only thing I took away from it was that it is different for each company and the agreement they have setup with each company that sales their product. Whether it's based on a P.O. and 90 day terms or 30 or 60. I really do not know.

GLTA