GREY:TSTIF - Post by User
Post by
retiredcfon Dec 23, 2016 9:06am
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Post# 25639176
Globe & Mail Stocks to Watch
Globe & Mail Stocks to WatchTSO3 Inc. (TOS-T) says it has secured access to an automated receivables factoring program through a joint effort with a distributor, Getinge AB.
"This supply-chain financing provides a simple and inexpensive instrument for Getinge and TSO3 to help finance working capital," said TSO3 CEO Glen Kayll.
"Payment terms for Getinge under this structure are 90 days from invoice date, rather than standard 45-day terms," the company said. it said there are no bank setup fees associated with this program "and TSO3 has full independent discretion as to whether it shall or shall not factor any or all posted receivables."