Burntgambler, this is something I don't understand, or know anything about.
Say Apple made a firm order of $1m worth of IQBuds (contracts signed, etc) and told Nuheara they would pay for that $1m 60 days after receiving the goods.
Would no bank in Australia give NUH a short term line-of-credit type loan to cover them the 3-4 months they might need between paying Flex upfront and receiving Apple's payment 2 months after delivery?
Just because they didn't have a two-three year trading record?
We are living in an era of nearly negative interest rates. It's amazing that some industry hasn't been created to lend money to companies in NUH's hypothetical position of being offered a million dollar signed and sealed order from Apple without charging pawn-lender rates, or worse, being told, "Go away. Come back in three years."
NUH Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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