TZL 22.7% 1.7¢ tz limited

storm doors 100000 units, page-8

  1. 2,243 Posts.
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    re payment terms - looks to me that terms are that the 100k locks are payable in full between October 08 and March 09.

    Revenue recogntion is irrelevant to qtrly cashflow reports. Just looks to me as if a non accountant wrote the cover page note which I would have thought would be better worded as "Cash from the intial 100k larsen sales will be received over the next two qtrs"

    However I think all they are saying is that cash will be recived during the Oct-March period.

    So 100k locks - whats the value of this - $2m?

    Zinc
 
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