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8.1¢ nuheara limited

Ann: Nuheara IQbuds Launching into USA Retail at Best Buy, page-110

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harba

1,138 Posts.

21/02/17

15:55

Post #: 22784486
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Originally posted by hotcongo ↑

Inferno, did Justin mention when they get paid?

Say Best Buy ordered 5000 boxes. Does Best Buy pay up-front, then Nuheara puts order in to Flex and pays Flex upfront? Or what?

Be horrible if Best Buy ordered but didn't pay until 60 days or something ( or when they felt like it) and Flex wanted to be paid 30 days in advance of manufacturing and poor Nuheara is out of pocket for ages!!!

This is the "working capital" issue that we still have to resolve. If NUH gets rolled by Flex and the retail stores, then NUH might have to do a capital raise for working capital.

I know when I ordered my IQBuds online, I paid upfront, NUH took my money and eventually they will send me my buds - - so they've got a good deal out of me! Same with the Indiegogo backers...

But what deal does Flex offer and Best Buy shops?

Expand

Great question.

Market will remain hesitant until working capital arrangements gets resolved.

I for one believe there will be a cornerstone type investor that will provide NUH with $$$ and take a major stake in the company, all in my opinion of course.

I just can't see NUH going to share holders or the sophisticated investors as the process is too drawn out, cheers.

NUH Price at posting: 11.3¢ Sentiment: Buy Disclosure: Held
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