RE:RE:GOOD INFORMATION FROM THE CONFERENCE CALLMostlyserious, What's your understanding then? It was stated during the conference call that pursuant to GAAP (Generally Accepted Accounting Principles) the financials continue to be based on initial contract with Radian (not amended terms), therefore the receivable still shows on the financials as past due. However, in essence, Pascali indicated it isn't past due and will be collected. Furthermore, the amended terms of the contract did not simply extend the date for payment. The new terms allowed Radian to reallocate funds (otherwise allocated to paying Pyro)"in a fashion that will benefit Pyro." You and others are bashing on the basis that it's this monumental past due receivable that will move Pyro into insolvency. That's clearly not the case.
Were you on the conference call? I take it you were not. I suggest you listen to it before commenting on it.