Wrong again dog. First, banks generally do not do P.O. financing. There are a limited number of companies that do. So why would I ask my bank. Second, a company will not issue a commitment without the P.O. AND knowing the credit worthiness of the buyer. By the way, you contradicted yourself dog. Now you say a company can get a commitment predicated on the receipt of a P.O. In your previous post you stated:
Posted by: doggone Date: Wednesday, July 21, 2010 10:21:21 AM
In reply to: control it who wrote msg# 45467 Post # of 45493
It is worthless in the absence of any Purchase order. Only when ASFX has a signed PO to offer for collateral can any funds be obtained, thus the note, this is not a line of credit.
Folks it helps to understand exactly what you are buying. Tjhis is no big deeal whatsoever. On the other hand a line of credit would be something to be happy about. GLTA Dog
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