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Re: IceQueen post# 47786

Sunday, 11/09/2014 11:04:48 AM

Sunday, November 09, 2014 11:04:48 AM

Post# of 112759
Don't assume that they received payment before delivery. They had an order back in September but didn't make it public until they received payment in October. This suggests to me that they followed customary practice and shipped the order before (or at the same time as) they billed it. MCIG was making a 50%+ profit margin on VCIGs when they were selling at $2 & $3 each. They will probably still have at least 50% margin even after a huge volume discount and perhaps another 2% discount for prompt payment, which is also customary in these kinds of deals.

Les

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