RE:RE:New Press Release - PyroGenesis Receives $1.85 Million Payment Under Existing Drosrite(TM) Contract with Saudi ClientSo, the payment schedule has been again revised since the last news release. This payment and another roughly couple of million were due by the end of the last year according to another news release.
And these payments were supposed to be made upon delivery of the systems yet it appears according to this news release that payments are now arriving before they have been delivered.
i would chalk up all these discrepancies to simply lack of effort in updating the wording in the news release. Much of this wording sounds familiar.
Notwithstanding, with a working capital deficiency, any day you receive some cash is a good day.