SKG skynetglobal limited

this is a worry!, page-23

  1. 2,922 Posts.
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    still no answer bazzaroid Barry you're changing your story !
    you know and I know that SKG announced on the 21st of March SKG announced a deal worth $29 million AU, in that announcement they stated: ((((SkyNetGlobal will recognise revenue when the products are delivered, so the US$23 million payment would be attributed to the company’s consolidated FY2005-06 results.))))

    However in the Q3 report dated the 2nd of May SKG changed their statement to this:((((Note 4 – The company expects next quarter’s customer cash receipts to be approximately $30 million resulting in positive cash flows.))))


    Now I'll ask you again in simple english Barry.

    Why did SKG do this, why would they bring the revenues into NEXT quaters results if it means they will be exposed as not pulling off the deal ?






 
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