From the webinar today
- Providing $5 million of loans currently
- Loan capacity is $7.5 million
- Michael Davidson estimates breakeven point is $10 million of loans
- Looking for a larger loan facility, in the final stages of it
- Broker trial bringing in $1 million a month of loans
- Recently expanded broker network 4x
- Brokers estimated to bring in $2-3 million of loans a month at greater margins than direct customer acquisition
If what Michael is saying is correct, PHL will be profitable in under half a year assuming the loan facility is sorted out? Thoughts?
From the webinar today- Providing $5 million of loans currently-...
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1.4¢ |
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Mkt cap ! $3.896M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 298467 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 156000 | 2 |
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| Last trade - 16.12pm 03/09/2024 (20 minute delay) ? |
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