Annual report extra comments

I'm banned from writing on the same threads as Pinto so have to do it this way. Such is the price of love

Anyway my reading of it
Different terminology is used across different reports which makes it hard to track

Near term commitments could mean anything and so I have worked on the basis that if you were doing a sales prediction in means your pretty certain but not 100%. Could be wrong on that though

A purchase order can mean as little as - the order has come in and you are to start the work but there is neither revenue or raw materials costs yet incurred. In other words work hasn't started

It may also mean you have started the work and depending on how the contract is worded you may have booked costs and have revenue due but not yet invoiced or you have invoiced but not yet received the money

There are plenty of accountants on the job here so they might do a better job than me on the explanation but I thought the different language meant comparisons are difficult to make. But that makes sense to me as well because I think Nick is rightly trying to convey an impression of the progress that has been made. That's different from the legal requirements of annual reporting