RE:It is possible Mostlyserious,
Based on last NR relating to Radian, it was not stated that the AR would be fully paid by year end.
June 26 second NR detailing the $4.1 million payment received stated :
"Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped. It is
expected that all 7 systems
will be up and running before year-end." November 26 $2.8 million payment NR stated :
"The payment announced today is made in accordance with a
payment schedule that has been revised over time to better align options to the pressures with the end-client’s operating cash flows created by, amongst other things, increased business opportunities...
The remaining four Drosrite™ systems under the contract have already been manufactured and are expected to be delivered to the end client’s operations in Saudi Arabia."
So the balance left is $2.0 million + storage fees.
And we don't know where the remaining 4 systems currently are.
We shall find out in the next month...hopefuly.
TOCKY8008
Mostlyserious wrote: That they received the Radian payment today and NR could come out on January 2nd.
3P said they had negotiated a payment plan to receive the bulk of the AR by the end of the calendar year. If you can't trust what a CEO says then you have a house of cards....with cards being pulled.
He was pretty firm about this payment plan so looking for the confirmation this week. A good way to start a new year by collecting a couple of million of pure cash with no associated costs. Pure cash is what they pretty desperately need when they have so many irons in the fire!
Here's to 2025!