What's going on here? Does anybody know?From management's comments on Q4 2023: Payments for Outstanding Major Receivables:
"The Company has remained in continuous discussions with Radian Oil and Gas Services Company regarding the outstanding receivable of approximately US$8.0 million under the Company’s existing $25 million+ Drosrite™ contract.......
These discussions have been positive,......
The Company now expects payment of this receivable to be received in full within Q2 2024."
From management's comments on Q1:
"These discussions have been positive, both in regard to the ongoing payment plan, and in regard to a potential new order of additional Drosrite™ systems....
As noted in the 2023 year-end Outlook, the Company now expects payment of the balance of this receivable to commence in Q2 2024."
What?? "As noted in the 2023 year-end Outlook" ??
That wasn't noted in the year-end outook at all!
In the year-end outlook, management said the balance would be paid in full during the second quarter.
Now management expects payments to begin in Q2.
It's May 20th.
Still nothing.
This receivable has been outstanding for three years.
Management must think you're all stupid.