Holy shit…this post perfectly sums up emptybones
Post# of 36728
SCM (deuce face): " They are charging the collectives late fees.......Benz
is full of it. As if we didn't know. So they are charging the "11" for not paying, booking it as income, but the reason they can't collect is because of PharmaJanes?
Absurd.
This annual license fee is being reported on a monthly basis commencing with March 2013, of $208,033 per month each. Under separate marketing agreements with each of the 11 collectives, the Company also is entitled to a monthly fee of $208,033 for services provided in the prior month, billed in arrears at the end of each month .
That totals $13,730,178 per quarter.
Page 8 of 11 here: