Can you confirm if NUH are finally there yet?

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grolph

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30/04/24

17:58

Post #: 73590834
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Originally posted by the trickster: ↑

What I said was they had enough stock for an initial stocking and the production could be expanded and topped up from the revenue received as well as via a capital top up.
I spoke to IR today to get clarification on what is happening, basically Walmart need a lot of stock , I mean a lot and Walmart will buy the stock outright from NUH and other providers to stock their stores so they can roll out the OTC offering.
Walmart be buying the stock outright, it will be invoiced and settle on expected 60day terms, this is not a consignment supply situation, IR was very clear, down the line as it normalises it will revert to the normal consignment retail situation but in these initial stages Walmart and others it appears will buy the stock outright and own it. The only returns are for any faulty products.
I was also advised that NUH would only invest so heavily if they had the confidence and commitment from Walmart. Given that, we can expect a very significant and very large order from Walmart.
This will be revenue basically upfront for NUH this is not revenue that will trickle in per sale, an order to be fulfilled and paid for. An Ideal situation
I understand NUH has already started providing stock and associated paraphernalia to Walmart.
NUH may have finally got there. Finally.
The 4Gen product is expected very soon, it is not clear and I could not get detail how that will play out on supply to Walmart and then we can expect 2 OEMs.
NUH may have finally made it. This is what you want a huge retailer who gives you a massive order and they are finally there.

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Can you confirm if NUH are finally there yet?

NUH Price at posting: 8.1¢ Sentiment: Sell Disclosure: Not Held
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