Why do you think that this is just mentioned in the report and not with a pr? Well, its probably beacuse a pr could get Clyw in legal troubles with france Telecom. Clyw have a balance sheet that is very thin, if i didn`t read wrong, it said that they have negative working capital? Almost no cash?
Well, companies like france telecom don`t do agreementes with companies with a thin balance sheet. Thats beacuse they need to be sure that the company actually can survive and deliever the products over time. Large companies lage France telecom often have a policy that they don`t to business with companies like CLYW, beacuse they`re is a huge chance that they may go bankrupt, anyone looking at the report can see that risk.
An agreement with franc Telecom however is probably likely, but i haven`t heard of the company, it`s not huge in Europe or in UK and it`s not likely that they would sell any real amount of products. That someone should sell 100 000 products is not realistic at all. I don`t think i number of thtat amount would be realistic even if there was an agreement with Verizon or T-Mobile in the US. Selling new products takes time, and getting a proper sales volume is not that easily done. I think this Franc Telecom look suspicious and there
is such a company in UK.
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