I've had a good think about accounts receivable over the last couple of days and it seems logical to me that they are 75 days + behind revenue. This is my logic:
I pay my phone bills in arrears. So I get billed 40 days after use. So dubber can also only bill the telco then. They then give me a period of time to pay, say 20 days. This payment goes to the telco. I doubt the telcos will pay before they receive payment so it is at this time, they may pay dubber. Then you have the time it takes for them to pay. Give them 15 days to tick all boxes. So I think best case is around 75 days from revenue to receipt. Thoughts?
DUB Price at posting:
90.5¢ Sentiment: Hold Disclosure: Held
