Everything is above board. Sales have occured but no money has been received. It works out as follows:
Revenue from Russia = $3.2 M (approx) Page 38
Total other revenue = $0.93 M (note 2, Page 27)
Receiveables = $1.8 M approx Current Assests Page 28 - These are Ropren sales
Finished Goods = $0.5 M Page 28
So $3.2m = $1.8 M +0.93 M + 0.5 M (approx)
I will say we have definately sold Ropren for at least $1.8 Millions
My personal addition: see page 27.
"Subsidy received overseas" $813,545
Now they didn't receive a subsidy in 2007, why? because they were not selling ropren ;) WHY ELSE WOULD THEY RECEIVE NEARLY A MILLION DOLLARS IN SUBSIDY? the russian gov. is subsidising the treatment of patients, adding to the revenue received from the sale of ropren.
Great post chand, and BINGO for all sla holders
SLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
