RE:RE:RE:WOW!!! New CAD$385M Purchase Order Agreementso they couldn't have 4% so they would not even settle for almost 1% of $350 million of a signed agreement? why would we walk away from that? that doesn't make any business sense if the deal was signed.not exactly the best business strategy
MIKERRRR wrote: All of those Gold River purchase orders were cancelled in early 2017 after Peak recognized profit margins were far too slim... As you might recall, they originally anticipated a 4% margin on the first $500M in business ( $20M profit ), but after processing the first $60M of sales in Q4 2016, it became clear that significant changes needed to be made ( I don't think they even made 1% on that first round of orders )...
Hence the pivot in 2017 to a plan that focused more on the FINANCING of business conducted on that platform, and of course the eventual creation / establishment of ALL the Fintech platforms Peak operates today...
In fact, Gold River itself was completely shut down in 2017, and has only JUST begun to be integrated into the current Peak network, so it remains to be seen what kind of contributor that platform will be...
But it's pretty clear that every other piece of the "New Plan" is now starting to show respectable growth...
Can't say it's been fun ( or fast ), but Peak 2020 is WAY better than Peak 2016...