Lol, many have already deduced as much, TP. Long a
Post# of 40991
(Total Views: 274)
Posted On: 11/27/2018 12:31:38 PM
Lol, many have already deduced as much, TP. Long ago, in fact. No such thing as freebies in the real world. On4 needs to pay for Cogosense in full before the business is handed over entirely. Until then...
Recently, you kept busy spinning the situation with high receivables and planting doubt of whether they would ever be converted to cash - and were proven absolutely wrong with the last quarterly report. And another big chunk of the purchase price of Cogosense was paid for out of that cash!
And then you kept "wondering" - why don't we see Cogosense financials on our books... "where are the expenses for Cogosense"??? Must be fraud, right?!? Of course not! Of course the only way we can see the revenue and cost of the product before effectively taking over the operation through completing the commitments of the purchase - payment for Cogosense in full - is to in effect pay for Cogosense primarily through sales of the product, much like... yes, a commission on the sales. And if Cogosense is going to continue paying their expenses, then you're damn right they will own the product and benefit themselves from selling the product... and, as long as On4 is making progress payments on the purchase of Cogosense, On4 will have the benefit of 100% of the agreed-upon margin on the sale. When the purchase is completed, you can expect that On4 will take on the COGS directly, as well as the expenses for all agreed-upon overhead structure (engineering, etc.).
Recently, you kept busy spinning the situation with high receivables and planting doubt of whether they would ever be converted to cash - and were proven absolutely wrong with the last quarterly report. And another big chunk of the purchase price of Cogosense was paid for out of that cash!
And then you kept "wondering" - why don't we see Cogosense financials on our books... "where are the expenses for Cogosense"??? Must be fraud, right?!? Of course not! Of course the only way we can see the revenue and cost of the product before effectively taking over the operation through completing the commitments of the purchase - payment for Cogosense in full - is to in effect pay for Cogosense primarily through sales of the product, much like... yes, a commission on the sales. And if Cogosense is going to continue paying their expenses, then you're damn right they will own the product and benefit themselves from selling the product... and, as long as On4 is making progress payments on the purchase of Cogosense, On4 will have the benefit of 100% of the agreed-upon margin on the sale. When the purchase is completed, you can expect that On4 will take on the COGS directly, as well as the expenses for all agreed-upon overhead structure (engineering, etc.).
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