i would be grateful if someone explains what the b
Post# of 36532
(Total Views: 305)
Posted On: 04/07/2019 6:01:39 AM
i would be grateful if someone explains what the bold-ed sentence is really saying below....is it saying that that the inter-company revenue of companies that generex is acquiring...like Fuse and others....or a sub company of Veneto that is not named?....i could not understand that sentence....i hope Joe would ring a sound bite our way....
i know this will all be answered shortly with amended 10 q....but taught why not toss it your guys' way...
The non-reliance 8-K stemmed from the Veneto business lines misposting inter-company revenue as actual revenue. Generex learned of this after the 10-Q was filed, and soon thereafter filed a non-reliance 8-K to safeguard its shareholders. Inter-company revenue are sales between the companies under Generex’s purview, and actual revenue are generated from sales to third parties.
i know this will all be answered shortly with amended 10 q....but taught why not toss it your guys' way...
The non-reliance 8-K stemmed from the Veneto business lines misposting inter-company revenue as actual revenue. Generex learned of this after the 10-Q was filed, and soon thereafter filed a non-reliance 8-K to safeguard its shareholders. Inter-company revenue are sales between the companies under Generex’s purview, and actual revenue are generated from sales to third parties.
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