I want it to launch in April. If it launches now,
Post# of 2146
I want it to launch in April. If it launches now, the milestone payments become part of fiscal 2013. It will not show up on the Q, because there is no Q report, just a 10k.
So what you have is the first Q of 2014 fiscal year Apr-Jun 2013, a CFP, blowout quarter.
Otherwise the numbers just get buried in the 10k.
Secondly, this company sells their losses to another company as part of the NJEDA program. More lost for the 10k, more money they get next January.
I have no concerns about when it ships, launches, PR says it launches etc....It is about when the revenue has to be recognized. Sometimes it is when it ships, sometimes it is when it is received. In this case the drug has to launch. TAGI launches the drugs when they make it available for commercial purposes. Elite probably shipped this already.