Ann: Spenda & Capricorn extend their relationship into eCommerce, page-43

It is a good step. My concern right now is more immediate and about runway. It is too tight for comfort and revenues are not coming in at a level that warrants survival. Over reliance on lending revenues puts them in a tricky position because of limited financial resources/capital intensive business and also because they need to make sure they don't underwrite overly risky businesses. I don't believe they will become cashflow positive even taking into account these new SaaS fees. But as I said before, it might convince some to back them for another year or so. So I see today's news positive for a CR. But not so good for SP in the short term. But given this is a highly speculative stock, anything can happen there... Rationally, at the current/expected level of revenues and SP, I remain a seller.