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To: JDN who wrote (6526)6/4/1998 11:17:00 AM
From: Jeffrey S. Mitchell  Respond to of 10786
 
JDN, the contract with Ingram was signed in December. So any "missing" revenue would have shown up in that Q or Q1 '98.

The suit is for $700K, which, I am guessing is the total amount Ingram would have owed had the project gone to completion which it did not. In other words, if someone is obligated by contract to buy a million widgets from you, you produce them, and they refuse to accept any more after the first one, you don't sue for the cost of the one widget, you sue for the entire amount contracted, plus damages, etc.

So, I think it entirely safe to assume that ALYD didn't let the debt pile up before suing! If I get a copy of the lawsuit I'll post whatever I can.

- Jeff