FundX is about short term lending based on receivables. It allows companies to get through the chasm where they have lots of orders, but no capital to fulfill them. Most small businesses avoid running a traditional overdraft for that sort of thing... also, most banks won't lend based on AR balance. That doesn't make it sub prime though.
Ann: Trading Halt-CL8.AX, page-32
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1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.488M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 92826 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 101771 | 1 |
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