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Posted On: 05/02/2020 8:38:15 PM
Post# of 154003
Found this sound correct ??
The point is that Samsung has committed to manufacturing of up to $1B Worth of product without an up front payment."
Samsung's agreement calls for it to fulfill purchase orders based on specified minimum purchases of forecasted requirements. These purchase orders are binding. Initial amounts are estimated at ~$60 million for 2020 with CytoDyn to pay ~$30 million over the course of 2020 and the balance the first quarter of 2021
The point is that Samsung has committed to manufacturing of up to $1B Worth of product without an up front payment."
Samsung's agreement calls for it to fulfill purchase orders based on specified minimum purchases of forecasted requirements. These purchase orders are binding. Initial amounts are estimated at ~$60 million for 2020 with CytoDyn to pay ~$30 million over the course of 2020 and the balance the first quarter of 2021
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