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To: creddell who wrote (3287)	2/2/2001 9:29:50 AM
From: Ian@SI	Read Replies (1) \| Respond to of 3661

Chuck, Isn't that the other way around. i.e. when Cash is collected for an AR entry, then AR is debited by that amount, and Cash is Credited by the amount. The beginning balance sheet isn't out yet; and if I heard correctly won't be out before the end of the current Q. Just getting the final Steag numbers was estimated as taking anywhere from another 1-2 months. ... which takes you to the end of the Q. We may see that number prior to the next Q report - possibly in a 10Q or 10K to be filed within the next 90 days. You folk may just cause me to pick up the telephone and call the company. Ian.

To: creddell who wrote (3287)	2/2/2001 10:01:49 AM
From: LemurHouse	Respond to of 3661

But if on 12/31/00, before the deal had closed and before the cash was received, it was unrecognized A/R for STEAG and counted as goodwill for the merger. It would then become a receivable for the merged company and ultimately (we presume) revenue. Apparently STEAG's books were sufficiently disorganized that noone knew until the last innings exactly how much A/R they had, and maybe not even then. (!?) It therefore wasn't already on the books as a receivable when the deal was closed. At least that's how I understood the admittedly confusing explanation. This is I think a windfall for MTSN shareholders, but it does make one somewhat uneasy about STEAG's accounting.