The real deal is this. No one knows the terms of these
The real deal is this. No one knows the terms of these contracts. For example. 1. No money down, payment due in 12 months, or 16 months or what ever time frame?. Interest rate on past due accounts? Maybe A/R is rising because SB’s standard contract gives a car dealership ample time to sell product before being obligated to pay. A common sales technique in some of the most power and successful companies in the world. A technique that leaves any buyers feeling safe in contracting with your business. Holding others debt is POWER and while AR builds in the beginning receivables eventually catch up. Especially as your market share builds you strengthen and shorten the terms of your contracts. Remember if SB is nothing else, he’s a great salesman. These are “100’s -of thousands -of- dollar” contracts. Car dealers would not sign on the dotted line unless they have some sort of safety net. I suspect that safety net is built into the terms. Some of you are treating these contracts like they are $100 or $1000 deals and they should be paid in 30 days. Get real!!!. Try $100,000-$500,000. For all we know they have 24-36 months to pay. Either way though, they are contractually obligated. And believe you me...they have the money. So it will turn into cash for ONCI according to the terms. ( which none of us know ).
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