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Re: None

Thursday, 08/29/2019 10:40:09 AM

Thursday, August 29, 2019 10:40:09 AM

Post# of 255667
SB does NOT offer product on consignment. All deals are provided payment terms, net 90 to 120 days IMO. Dealerships are notorious for paying their bills late, thus resulting in a high accounts receivable on the books. As we have seen, revenues continue to increase along with A/R.

IF, and I say if product is being shipped on consignment, then there would be no A/R as it is so often pointed out. But since there IS a high A/R (invoiced bills owed on shipped product), then we know for a fact there are no consignment deals being made.

Consignment = free product until the consumer purchases it. Unsold product is returned if product is not sold. These items are NOT invoiced until sold.