TSXV:RHT.H - Post by User
Comment by
mingzhuon Jul 28, 2023 10:02am
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Post# 35561365
RE:RE:AR collection
RE:RE:AR collectiontheinvestor22 wrote: mingzhu: for all I know, the mid July time frame might have conflicted with the CEO's vacation schedule. But, as I've said before, I don't think collections should be a long term issue, so I'm looking for the vast majority of overdue accounts to be taken care of.
Then the company can move on to making further progress on adherence and accelerating revenue growth.
Investor22, the initial ageing receivables may turn out to be a great marketing tool. We all know when something new is coming, most of us are reluctant to believe and use it. That is why many great companies of new innovation give out their products free initially. Once people use it, and see the benefits, they will stick to it. Reliq just ask customers: use it now and pay later. I think it isonne of reasons why wwee have over 300 contracts in short time, most of them in one year and half. The old clients introduce new ones.