Correct.
Recycling news on the original agreement.
This is order was expected under the master agreement terms.
If anything at least the terms are being fulfilled so far, this means nothing tho as majority of MXC purchase order announcements don’t end up reflecting the sales announced and 90% of holders forget because the orders apparent “sales” are not shown for another 6 months when this months figures are actually released.
It’s becoming quite strategic in this industry to receive/announce massive purchase orders to the market, with next to no up front cash paid on the order as they all are desperate to push product out the door, only for the ordering company to return the goods with in months and only have to pay for what is actually sold due to well written terms inside the agreement.
Would be an eyesore to actually calculate all the millions announced in orders over the years for now non existent products that have never been fulfilled.
At least they are modest this time and keeping it at $1 million. Unlike the $40 million and $8million supply agreements that never eventuated with their “cosmetics” and arse rash cream.
What’s the next flavour of the month in the mxc playbook are are we banking on the Kung Flu to pay the wages for the next few years?
MXC Price at posting:
6.1¢ Sentiment: None Disclosure: Not Held
