Ann: Update on Vmoto's Netherlands B2B Customer, page-84

i dont know what Payment terms VMT offer, that was an example. They could be even more generous than 30days.

Greenmo is probably one of the largest recurring customers VMT have had over the years, they were always specifically mentioned in Announcements 1-2 years ago. Using the HY22 accounts the $2.7Mil is approx 17% of the total Acc Rec balance, which for a large customer is a small portion of Sales. Ive worked in businesses where 1 customer took up 50%+ of the total Acc Rec balance. It shows VMT is diversified and not heavily reliant on this one customer, which is a good thing.
It sucks that Greenmo is having financial issues and I wish this didnt occur, but this is all part of the risks of running a business, its unavoidable. Its not managements fault, its Greenmo's Management fault for not running a profitable, adequately funded business. VMT needs to get the bikes back, sell them to someone else and move on.