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Message: RE: I knew it....like night follows day...sunpoop

RE: I knew it....like night follows day...sunpoop

posted on Aug 03, 2006 09:53AM
Revenues, maybe - income, probably not IMO. I seriously doubt that EDIG will get any profit dollars out of it (probably defaulted), and manufacturing oversight fees? For what? There was apparently no oversight being performed. EDIG`s position in this is pretty indefenseable, unless they can prove that Wencor gummed up the works.

Also, I seem to recall EDIG stating that they were fully paid by Wencor back in January. This recollection is reinforced by recalling discussion when all this unfolded about how much it was going to cost EDIG (to pay back Wencor). So what we may see is no income/revenues, and a significant expense. Or not.

SGE

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