RE:RE:RE:RE:RE:RE:RE:RE:Why Are They Hiding R&D Off The Books?smcapinvestor wrote: Did you read note 9 from the 2014 annual financials? Your stirring the pot from a position of ignorance. The details are all there. If you cannot understand what is written there, you should hire an advisor.
No, because both sides of this conversation quoted extensively from footnote 9. You are the one acting from a position of ignorance because you clearly did not read the entire conversation.
Stirring the pot - AFTER reading footnote 9 in the 2014 financials - seems extremely appropriate. There is a $1.2m royalty to a related party entity when the entire earnings is only $5M. It's not clear how the investors in Photon R&D make money, and it's not clear what amounts they make. It's not clear why Photon R&D needs to continue to exist, nor is it clear how shareholders benefit.
Furthermore, footnote 9 does not answer a single material question about who profits, how much, and why shareholders need this entity.