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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (2739)5/26/1998 7:05:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 9440
 
GNNX i agree is a keeper. I will be long on this at least until the next 10q, and longer, as long as they live up to my expectations

when do you sleep???



To: Ga Bard who wrote (2739)5/26/1998 9:39:00 PM
From: Boob  Read Replies (1) | Respond to of 9440
 
GaBard,

To clear up the GNNX contract receivable yabber, this "receivable" is from a sale they made back in August for several million and it was agreed that it would be paid off every month instead of all at once....so this receivable you are seeing as revenue is in fact just that....they have already made the sale but the money will continue to flow to them in 6 figures on a monthly basis.

Not bad for a deal that was closed nearly a year ago but they are still and will continue to receive 6 figures monthly on this contract for doing nothing.

Boob