So 9 months on from this new Onix agreement where they state minimum orders for first year will be 20,000 units and approx $1.6m.
With 3 months left before the first year of this agreement is complete, how much has been ordered and delivered? I believe it to be approx $330k worth?
Onix are obviously going to all of a sudden get very busy and order another $1.3 worth or product within 3 months after not being able to move a third of that volume in 9 months?
And of course, penalties will be in place if they don't meet the 'BINDING AGREEMENT' terms won't they? Lol
Another 'deal' full of promises and 'minimum orders' that looks destined to fall well short of expectations....
At least they're consistent
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- Ann: Binding Amendment to Supply Agreement with ONIX Brazil
Ann: Binding Amendment to Supply Agreement with ONIX Brazil, page-41
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