TSXV:RLV.H - Post by User
Post by
AlwaysSkepticalon Mar 05, 2021 12:02pm
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Post# 32728634
If we believe that gloves won’t be shipped until April...
If we believe that gloves won’t be shipped until April...Alright folks...since ABSOLUTELY NOTHING has happened since September (170 days ago!!), let's go back and talk about the $20 million deal announced September 17th.
What we know:
- Deal announced Sept 17th, expected to be fulfilled by end of October (would assume customer had Service Level Agreement)
- September 29th, Aurelio is publicly stating that he's in the US, loading 8 planes to send 75% of the order in the next 7-10 days;
Fast forward to today:
- We know that NOTHING shipped in September...nor in October, November or December. It's clear in their financials.
- We know from the train wreck of a CC a month ago that - at BEST - $9 m of the $20 mil contract will be fulfilled in April.
So, best case: 8 months after the contract was announced, the customer is sitting with more than half of the contract unfulfilled.
Do you actually believe this customer was like "No worries Aurelio! I know we're in a global pandemic and I obviously need this PPE stuff NOW or I wouldn't escrow you money...but hey, just send it in 2021 at some point. No biggie!"
I would suggest what's happening is the customer has found alternatives for PPE, and is now exiting this failed agreement.
You will hear about this soon. Nobody can afford to wait 8+ months to get their PPE...