The only commodity WNBD has to offer for collateral is treasury stock the same as all pos-land stocks k. So that's why many have been so curious to see this friendly financing eric talks about!
Penny co's sell discount stock in exchange for funding...there's many various forms/instruments but the collateral is ALWAYS discounted stock.
Yes WNBD has AR and PO financing...what more financing do they require to supply product to their existing customers? So probably should've used different verbage to say customers are paying for it but clearly their profit margins shrunk last Q now that they're relying on their new PO financing along with the AR financing to keep their existing customers supplied. It's sorta like pay as you go funding because the discount share financing has run out so can't pay for spare inventory anymore hence the decline in profit margin due to the heavy costs of relying on this type of financing to keep supply chain rolling k!
So that's what I mean when I say they don't have financing in place for branding/advertising anymore...and if they do why hasn't Eric blogged or PR'd it glty?
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