Give it a rest -or get educated . Plus main summary.There is nothing wrong or sneaky about deferred revenue. It is a fundimental accounting prinicipal that follow GAAP guidelines for accounting purposes. Read up on it and revenue recognition. I realize most posters are not accountants . I however am.
That being said here is my summary of the latest news release.
1- They have latched onto and plan to use export financing . This is EXCELLENT news. The sales revenue will be in our bank so much faster this way . It appears the customers are willing to agree (to thier own benefit) and we get some instant cash and cut down on having clients drag out payment terms to 10 years. This is a big step forward.
2- The patent lawsuit has been recinded . that idiocy ran down the share price 2-3 years ago.
This too.... is a big deal.
3- Peppers .....Having them endorse our system is priceless. It appears they are moving forward to 1.7 million sq ft . Guessing that will put 1.5 mil to 2 mill in our bank long before we run out of the money we currently have. Doing just one very small thing and having your production go up 30% is UNHEARD OF. It won't be for long.
4- Cuke man in Alberta - sounds like they feel that one is in the bag for at least another 1/2 mil .
5 UE tomatoe , They appeared impressed enough to double the trial and again managment seems very confident about realizing a big sale. Like 100 million dollar sale. Can you just imagine our share price with a single 100 million dollar sale ? Not to mention the attention.
6 Many other trials to end in 2022. IMO 2023 will be hugley transformative for this business.
7 Another possible 9 million from the Rose growers . Again - the wording chosen by management is very diliberate and so much more confident that at any time in the past. When I read between the lines.....I see big money coming our way.
So strap in and enjoy the next year ......I know the last 3 years have been really just shittie. Do not fear if you are down at this point . It won't take much to break our record share price in 2022-23. Then we will all be at least even again...or better !
RM