Stone,
I was fortunate enough to make a little from RFN when it went from the low 70's to the mid 90's...there is very much to like about RFN and I am considering getting back in and taking a longer term view...read this today in the update and must admit I don't like it..
INVOICING FREQUENCY RANGES FROM MONTHLY TO ANNUAL INVOICING (DEPENDENT ON PREFERENCE & SIZE"
This implies RFN's clients have the say how often/when they will be billed and further ..
AVERAGE PAYMENT TERMS RANGE FROM 30-60 DAYS (DEPENDENT ON ORGANISATION SIZE)
...which means that some/many/most clients may opt for annual invoicing and then take full advantage of imo up to 90-120 days as this is how long in reality larger companies will use credit to their advantage....
as cash flow is king I can see a real financial squeeze being applied to RFN if what I am thinking is correct.
..appreciate your thoughts..
Ann: Investor Update, page-35
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