>There's no funds in the bank account for the paymentHow do you...

>There's no funds in the bank account for the payment
How do you figure? They had funds held in Escrow for this, see the feb statement.

And additionally as I noted regarding this statement - we've got lower income margin which implies lower terms, cash loaned out can come back a little sooner.

They've had 23 odd million in loaned funds in the last year; as per my thread on this a lot of the funds loaned out at the start of the year was probably on the 5 month term.

If you look at the 4e they have 21 million in receivables; which I assume is the loan book. They owe merchants 2.4 million also which makes sense given that the mid quarter results are about 7 million in TTY.

Please, understand that I'm not trying to be condescending here, but you don't understand - a good proportion of their funds are held by customers and they can expect to get 98% of it back.

Cause they're doing a great job!

>Why does it need an announcement?
Investor sentiment? Costs them exactly zero dollars to announce it; makes investors happy that they do what they say.