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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K
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To: Janice Shell who wrote (3737)6/3/1998 1:05:00 PM
From: Michael Sphar  Read Replies (2) of 7491
 
Janice, As you probably well know, its a customary business practice for companys that deal with distributor channels to discount their disti sales by either not acknowledging them until the disributor in turn makes a sale or by taking a liability to offset the sale on the books. This would then be adjusted for any credits demanded by the disti for future return of these products or sales at lower than anticipated price levels.

In any case, isn't this particular disti actually an arm of the Cashco corporate entity ? Sort of like selling to yourself ? Why does the phrase "robbing Peter to pay Paul" ring in my mind ?
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