GMV 0.00% 3.9¢ g medical innovations holdings limited

I missed this part in the announcement the first time i read it:...

  1. 633 Posts.
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    I missed this part in the announcement the first time i read it:
    "Letter of Credit
    For all purchase orders submitted, FCL will obtain a letter of credit from a first class bank. FCL will provide this letter of credit to G Medical at the time of making the purchase order. G Medical will exchange this letter of credit with an Israeli government insurance company to receive immediate payment.
    This is a facility available to all Israeli companies to assist them with the growth of their businesses."

    It's a pretty decent perk for Israeli companies, getting "immediate payment" upon any orders placed, assuming FCL get their letter of credit.

    But i assume this same insurance scheme applies to all their other deals too.

    This insurance scheme provides some reassurance given the huge numbers they are talking. I was previously a bit concerned as to how they would initially keep up with production without burning all their cash.
 
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