Ann: Spenda Executes Sale Agreement for Invoice Finance Portfolio, page-10

  1. 989 Posts.
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    Good to see some cost cutting & movement away from DW lending where there proved to be not much margin for SPX. From this report they were only making $150k per qtr in gross profit from DW lending. What a waste the Invigo acquisition was by management. At least the cost of those employees will now go to Grapple. SPX must be confident that Airplus can facilitate the majority of the future lending requirements.
 
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