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10:19
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Originally posted by MeToo
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Hi mikesz, I understand what you are saying but I do not agree with all of it. Something that will alway stick in my mind is when KNM announced $100k in committed revenue and nothing ever eventuated. It was just forgotten about. Could “committed” revenue have ended up being booked?
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Sorry, but I'm not sure where you see we disagree. I agree with you - the $579k should have never been recognised because there is no sales proof or basis for it. I'm just stipulating that they MAY be able to recover some of it if there is some basis that we don't know of. IMO
(20min delay)