Accounts PayableI heard at the KL Timmies that Nordex has an account at the local printers that hasn't been paid since Sept and there were several others who said Nordex was out over 90 days from their previous 60 days.
If you take your AP Invoices that were being paid at 60 days and then extend that to 90 days, you get 30 days of free money which is an indication that Nordex is scraping the barrel for money.
With this kind of payment schedule suppliers will either quit supplying or increase pricing to cover the banking cost. If the current suppliers quit supplying it won't be easy to find new suppliers who'll accept a net 90 schedule especially with no credit references available.
If Nordex doesn't get a big sales contract soon our stock won't be worth anything