Capital Raise?, page-69

The crux of the problem is it’s all smoke and mirrors and a timing game (won’t say ponzi) unless we know the real revenue from acceptances and have a degree of comfort that customers are accepting and not just being swapped in.

The deferred is unlike normal as there is a large degree of uncertainty which is not normally the case (normally its certain as cash received from customer and an accounting concept to match the revenue over the life of membership 12months)