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Re: deepman49 post# 4852

Wednesday, 01/12/2011 10:42:04 PM

Wednesday, January 12, 2011 10:42:04 PM

Post# of 7536
can't remember at the top of my head, however it is quite high, the problem though is that they get the commission when the sales is recorded, and ZYXI does not get the money from the sales until in many cases 3 Month's after, which means that they are and have been short on working capital for quite some time, especially due to their high growth rate. also as has been seen, many times the health insurance companies will decide how much they want to pay, which is always lower, which again means that ZYNEX have payed commission on a sale at a higher price, and then 3 Month's later get a lower price for the unit, I don't know if they in that case then reclaim some of that commission or if the sales reps gets to keep that.

GLTA.

A.H
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