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.
GMV Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held