You also need to consider that due to constrained logistics routes, there’s every possibility they’ll produce $Xm product in this quarter for which the sales receipts fall into the next quarter. For example:
In the Jan-Mar Q they reported $15m received post Q
In the Apr-Jun Q they reported $33m received post Q
And so on. They need the infrastructure to clear up.
Ann: Change in substantial holding, page-25
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