Re: Next Earnings Release
in response to
by
posted on
Jul 20, 2012 11:12AM
Edit this title from the Fast Facts Section
OPC, you wrote: "they don't have to sell it as I stated in a posting the other day. They can take the purchase contract and leverage it for a loan against the order. Then, deliver the product upon approval."
I'm not following you. If they sell the product overseas (sign, deliver and get paid for), fine, you and are on the same wavelength there - the downside is pissing off the FDA (not altogether a bad thing!). But if delivery of the product is based on approval (and therefore, surely payment for the product), then that contract, while enforceable upon approval, is subject to a condition. I can't see someone making a serious money loan based on that type of contract.
What am I missing?