Replies to post #45486 on American Scientific Resources (ASFX)

[doggone]

Ok let me priovide apparently needed detail to explain.
ASFX will get no money from anyone until Any PO has been delivered to customer.
TYPICALLY, When ASFX receives any PO from a customer, after it has been verified a letter of credit will be issued to the supplier (JXB) by the financier. JXB then ships the order. The finacial institution pays JXB and collects payment from the customer. After costs and fees are deducted any remaining amount is then remitted to ASFX. Easy and simple.
No PO is required to have an institution make a commitment/agreement to offer PO financing. Dog