Ann: Appendix 4C - quarterly, page-4

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    Its a bit disingenuous to say they have 27 quarters of funding when they include the loan warehouse. If they use that for day to day operations what are they going to lend to customers? At the rate they are lending to customers the warehouse would be empty at the next quarter if they don't increase it. They should be dividing cashflow (8.1) by cash on hand (8.2) which is about 10 quarters of funding not 27.
 
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