OAK 0.00% 6.9¢ oakridge international limited

Each channel partner is committed to around $200k per annum -...

  1. 1,855 Posts.
    Each channel partner is committed to around $200k per annum - hence $1.0 million of stock. I gather, the 5 channel partners will need to have the stock ready for their marketing purposes immediately after the training - hence, the committed amount of stock for a start.

    Announcement on 20 Dec 2016 - this date was already almost the end of Dec 2016 - festive season. The training for the channel partners was in Feb 2017. Assuming my assumption in the above paragraph is correct, that leaves JCT only 1 month to have the stock produced prior to the training (Announcement: Immediate market penetration is expected post training, in line with channel partner sales targets and agreements.)

    Hopefully, we have an update soon for 13 Feb 2017 announcement (Update on CN).

    JMO PDYOR
 
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