SPX 12.5% 0.7¢ spenda limited

10m Dump at .006, page-55

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    Spot on. I think they're likely earning very little with AirPlus. I am not a huge fan of lending, because it demands capital, but I still think they're missing out not rolling a lending solution other than backed by cards. If they don't want to develop SPX as a lender, they could use their prime access to originate loans for a third party lender. Brokers get paid very well...

    Not clear how these folks will make any money, but they don't seem to care anyway...
 
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