RE:RE:RE:RE:Tell Me Again
CaptainCrunchy wrote:
I have a feeling that NU is sitting on that multi million initial, the 250k order will be newly produced product, hence November. They do need to be able to fulfill that PO when the other end finally lines the ducks and asks. I think it is still possible news of that order being shipped could come by November also.
So here's my thought on this initial order mystery. We got the order early in the new year back in mid January . We got that order without having Nevada facility completed or even our import classication or whatever it's called. We also saw on I think Q1 fins that approx $29k deferred revs (deposit on order). It seemed like quite a small deposit amount (single digit). Since then while many have thought NU is delaying everything by not being able to produce that order we keep getting news and/or updates saying things like "as retailers come/continue to come online ". Oh if we go backwards in time we also know that we have an exclusive contract with minimum amounts.
Let's put that all together then. Very early on in year we get a multi million dollar order from our contract partner with only a single digit deposit. We may have thought they would start right away but all parties involved must have known facility not ready (no import ), covid delays for ingredients etc (as mentioned in webeweenie) . That would explain the low deposit (knowing not starting right away), but even more so it would make sense if that PO was just indicative of at least the minimum amount they have to take by contract . It's also not that much so it conveniently probably equals what just one or 2 of the bigger boys (711 and Lawsons) have committed to take in an order . Bring on covid delays , wanting bulk, rebalancing amounts per flavour as per how Biople is selling , blah blah blah and they've been slower to come online. This all makes sense in my head but I also booked myself off early today and just smoked a big doobie . My apologies if it doesn't make sense