Is it possible that GNBT cannot claim revenue until it has collected the payment from insurance/patients? If that is the case, and if the services are covered by insurance, you might not see revenue for up to 90 days after the "sale".

I don't know which way the accounting is done - just a possible explanation for the minimal revenues associated with GNBT's ownership of the companies.

I've noticed the mood here is decidedly negative as of late. Personally, I still don't think 9 - 12 months is much of a barometer about how the business is progressing, but I'm here for a longer haul so I'm ok with the current pace and some of the delays that weren't within GNBT's control. Others evidently aren't and seem to be more expressive on the board.