Its possible that for installs from Verdia leads, GER won't be doing the financing, but we've got no indication of what portion of Greenearth's lighting business is expected to come from this channel. Even the leads that do come from Verdia will involve arrangements between the customer, Verdia, Westpac and Greenearth .... so I'm guessing long lead times. Just can't see how GER avoids another capital raise, and randomly tacking statements like:
Sam Marks added: “As well as this agreement with Verdia, Greenearth expects to update shareholders in the coming weeks on new purchase orders from new domestic and international smart lighting installation contracts. We are also very encouraged by the growing level of new customer inquiry.”
on to the end of an announcement about being accedited by Verdia, makes me suspicious.
GER Price at posting:
6.1¢ Sentiment: Sell Disclosure: Not Held
