frantisek holop wrote:
hmm, on Wed, Mar 25, 2009 at 03:41:04AM +0100, Floor Terra said that
Why doesn''t Wim explain the situation here. Less work isn't it. ;)
I don't know. And I don't want to get involved.
I'm concerned about Theo, Wim, the project and anybody else who is
involved and don't want to make this any worse by spreading unverified
statements from anyone.
I hope you understand.
Theo has made some serious allegations and i hope he has evidence
to back it up.
-f
from theo's email:
"I am certain that the resellers will understand the reason why we are
here; the middle man has fallen ridiculously far behind in A/R."
it seems clear that you either did not read the email i'm citing from or do not
understand what was said.
if you didn't understand, this is how the 'allegation' is substantiated in
terms of accounting:
- cds are ordered by EU distributor kd85 from project, likely with a PO from
kd85
- project issues invoice (with payment terms, e.g. Net 30) to kd85 and ships
cds to EU
- kd85 receives shipment
- until kd85 pays the project it has an outstanding balance in accounts
receivable (A/R) for the project
all that needs to be done to substantiate the allegation is to look at the
current A/R balance for kd85. one could publish the POs, invoices, receipts and
A/R entries to give a full picture of what's going on, but that would be pretty
pointless since it's clear that it won't make them more likely to pay. when
large sums of money are involved it is not uncommon to acquire legal counsel in
the jurisdiction of the debtor and seek a settlement against them, e.g. a lien
on their property, fines or jail time.
