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Gold/Mining/Energy : PYNG Technologies
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From: mf1609/2/2005 12:51:44 PM
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I have eluded to this a few times and thought someone might take a look so I will throw it out

From the annual report

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
i) Loss Per Share (Continued)
.......
j) Income Taxes
........
k) Revenue Recognition
Revenue from sales of the Company’s products is recorded at the 
time the product is shipped,
provided that collection of the proceeds of sale is reasonably assured.

So PYT ships in boxes of ten and then they are sold in XXXX and sitting on a distributors shelf is just like inventory and when does the distributor pay for it??????
Could this be one possible reason why Mikeys numbers are so rosy compared to what others are finding?
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