Unless I am misreading this, I believe what these fins say:
1. RLV received $20m in escrow;
2. RLV then used $9m to put a purchase order for gloves;
....
Did they NOT YET RECEIVE NOR SHIP A SINGLE GLOVE????
Have they NOT BOOKED A CENT IN REVENUE?
That's the thing about financials: They clarify reality from fiction. Thus far, it looks as though NOTHING HAS BEEN SOLD!!!!
How long before the customer asks for their $20 mil back?? Will RLV be able to recoup the $9 mil they advanced to try and secure supply?
This. Is. A. Disaster!!