The more i think about it. The more i like this acq.
My biggest worry when i was selling stuff back to china is the fund turn over.
Chinese buyer will pay me in chinese RMB in our china bank account. Once a month we will transfer the funds back to our aussie bank account with a fee. (Not too much). It will take about 3- 5 business days for the fund to clear so timing is everything when we need to restock.
Imagine with YOU been more and more popular. I could think that if i were still in the business, the risk of fund liquidity is greatly reduce and i could actully push for more business due the the quick payment turn around time.
Buy time
- Forums
- ASX - By Stock
- WFE
- Ann: YOU Australia Investor Presentation
Ann: YOU Australia Investor Presentation, page-8
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WFE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online