RE:RE:RE:RE:8 lanes at the Tachi palace casino@vezmic1
Where in the Press Announcement on January 31, 2022 (i.e.: last day of Q2, FY2022) does it say sale and deployment of the Platform?
All it says is the US Office of Inspector General (OIG) has selected Patriot One's as the system to move forward with at its office(s) in Washington DC. It doesn't provide a sales statement, a US Government Purchase Order (which would be publicly available)... nor timeline for deployment(s).
Under most accounting principles, you can announce sales $$$, but can only announce actual sales revenue once the product is delivered and deployed. And Sales Revenue is needed to offset the $3M/quarter Cash Burn.
So I am curious on where everyone is getting "sales & revenue" from this "US OIG selection announcement"??? PAT may not start deploying for another 3 to 6 months based on historicals of the US Government and its procurement process...