re: one question for tex/brad ###SKG have stated this from the outset.......they will receive the money prior to June 30th and will deliver the goods within 4 mths after receiving the money.
Any gains will be booked in the following quarter after the goods are dispatched.###
"""Quarter ended 31 March 2005
Note 4 – The company expects next quarter’s customer cash receipts to be approximately
$30 million resulting in positive cash flows."""
Next Quarter means from 1st of April to 30th of June, so that means they will book the receipt inside this financial year.
((((Again)))) you haven't explained WHY Mr Soon has changed his tact and decided to book the figures inside this financial year, could it be that he is confident that the deal is in the bag.
Yes this deal is a company maker (the very thing you are waiting for on BQT) but it is not a company breaker, SKG have battled through since 2000 and they are in far better shape now then they have ever been.
Tex.
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re: one question for tex/brad ###SKG have stated this from the...
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