Replies to post #3820 on Axim Biotechnologies Inc (AXIM)

[Blue Skys]

I didn't mean to imply that it would be small but rather that there is room for it to grow and doesn't imply a locked in maximum revenue number for the initiative. If it was low they could have chosen another avenue.

[Devolution]

I'm under the impression that this distribution agreement works something along this line:

AXIM is manufacturing the kits. Versea' purchases an estimated 6 months worth of kits up front. If Versea sells those kits before the 6 months is up, then they will pre notify AXIM that they need more kits and purchase them outright.

I'm sure the manufacturer (AXIM) and the distributor (Versea') will be working very closely during this entire rollout and on into sales growth at least until sales hit a plateau and become more normalized and predictable.

BTW, just because a payment is due in 72 hours doesn't necessarily mean it gets paid in 72 hours. If the receiver gives a grace period for whatever reason, then the 4 day period to PR the transaction might not be predictable by us (what if AXIM gave Versea' a grace period until AFTER the conference in order to get a better idea of how well the kits will be received, and then better make a more accurate 6 month estimation of sales?).