Lumin, you are contradicting your own statements. "The customer pays a deposit with the understanding they will recieve product they have ordered. No product/order delivered and the customer will be asking for their deposit back." "Tritium stopped taking delivery of goods from RFT some time ago. In other words, they know they couldnt pay for it and closed their doors to accepting it."
So did Tritium pay the deposit or couldn't they pay for the deposit?
Double entry bookkeeping says, if you make an entry in the liability column (ie. customer deposit) then you need a corresponding entry in the asset column (ie. cash + inventory).
RFT Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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