Thank you, Bill, much appreciated. The explanation answers my question. It's just that i am used to seeing such large (relatively speaking) numbers explained in more detail in financial statements. Of course the item should not have been booked in the first place: a sale is not a sale until you have the money. I am sure that there was no fraudulent intent to make the P & L look better in a previous year.

BTW, I want to complement you on your clear description of how you plan to handle the election process should another slate be proposed. It would be a good model to apply to an explanation of the state of the AOS finances. The latest data I have are from the public record for the year 2001 (the tear ending 06/30/04). I hope the finances have improved over the last two years.

Martin
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