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Message: Re: PACER digEcor
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Re: PACER digEcor

posted on Nov 14, 2009 10:07AM

From the annual report:

"We are also unable to determine at this time the impact this complaint and matter may have on our financial position or results of operations. We have an accrual of $80,000 related to a deposit made by digEcor and at March 31, 2009 we accrued an additional $100,000 as an estimate of our obligation related to the remaining general damage claim based on a settlement offer we made prior to trial. We intend to seek restitution from Maycom for any damages we may incur. Recovery from Maycom is not assured."

$120K reversal on the books in EDIG's favor. Good thing for us BOW didn't take the settlement offer.

ADVANCE TO GO !

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