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 !