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Message: Re: Interim and annual financials?

Apr 16, 2020 02:22PM

 

Dear DH,

 

We never mention release dates.  If the financials are delayed that would be material and would have to be press released.

 

Please review the accounting method relating to accounting revenues and expenses based on the percent completion method.  This method was brought about as a result of the Enron fiasco.  Accounting for revenues and expenses has nothing to do anymore with actual timing of receipt of funds. 

Hope that helps,

 

Peter  

 

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