wow a lot of money wasted on broker channel, fund costs and marketing IMO.
As direct money has managed to quite easily sell their past monies out, little need to spend $300k on marketing and $250k on broker support IMO.
$550k then $400k (costs) = $950k could be better spent on 90+ new loans IMO.
$1m for collateral to lenders seems high, albeit i'm unsure of their loan book size.
**Investors would take the loans without collateral if given enough meat.
Seems to me to be somewhat of a 12 month bandaid solution, guess it's better than nothing marginally, could simply selloff the current book to private investors and get roughly 1.5 x earnings.
Only leaves $2m or so for new loans written, which is pittance and could be lent in a matter of a few weeks.
Then there is the dilution issue.
Anyway, cash is king and get it however you can I guess.
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Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $40.45M |
Open | High | Low | Value | Volume |
2.7¢ | 2.9¢ | 2.7¢ | $16.42K | 587.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 282110 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.028 |
1 | 125477 | 0.027 |
4 | 926552 | 0.026 |
18 | 3444445 | 0.025 |
5 | 2110000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 276846 | 2 |
0.030 | 1059625 | 7 |
0.031 | 212608 | 3 |
0.032 | 450000 | 2 |
0.033 | 410000 | 2 |
Last trade - 15.56pm 25/07/2025 (20 minute delay) ? |
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