"arrangements with our loyalty point partners require the Company to temporarily fund point purchases prior to receiving payment from our business partners. The significant growth in the loyalty point redemption business has generated a corresponding increase in high quality credit receivables due". Is this what you are referring to Ibis? No mention of 30 days. I imagine it may be a longer period.
Hopefully like you said, this means an improvement in profits. HOWEVER, IF the loyalty point redemption business keeps growing then so would the funding requirements from NNW. So if that's the case we may not see great profit numbers but great growth.
NNW Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
