Do you really believe the London underground etc pays cash up front The problem may be the distributor is carrying the receivables and cant afford to buy more stock Perhaps Zoono should be granting credit to distributors and taking a charge over distributor receivables. Credit worthy distributors should be allowed perhaps a 30 day account. Zoono needs to address this to expand rapidly and perhaps needs to establish a credit operation As business expands time to change from being a corner store operation Surely Zoono can manage such an operation from current cash position
ZNO Price at posting:
$2.23 Sentiment: Buy Disclosure: Held
