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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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jefother

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Re: B-Lunist/Another possibility re: Samsung settlement-Silversur...

posted on Nov 18, 09 05:13PM

Even though I stated it would be my last comment on the issue out of respect for you and your question I will respond.

"But, how does that show in what quarter the payments were posted (or received)?

It doesn't; however, if EDIG management is following GAAP/FASB accounting rules, which by all indications they are, the revenue should be recorded in the quarter in which the settlement was executed. The actual payment of cash is not what drives the recording of revenue.

That doesn't mean that what posters were told by RP in the past wasn't true. It simply means that management has learned much over the years and that knowledge has caused some changes in they way they run the company. A good example is was communicated about Fred's reluctance to release too much information to "the public" even though the public (shareholders included) wants to know everything. As he learned through this litigation process, what you say can come back to bight you in the rear.

This is all good stuff. I've always stated that management is very professional. With how many penny stocks can one say that.

Hope this helps.

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