Sure the companies growing, but most of the revenue is coming by way of interest on a slow turning, old book.. the company is barely doing $1bn in volume... most $50m-$100m exposure businesses do that kind of volume/debtor turnover... not $450m. As @Christos12 said, this business is practically insolvent, with a ballooning book, thats charging 180+ day old debtors interest... While growth is wonderful, its a little difference for a finance business... thiis is not a payments business, and its not offloading its risk in 45 days like APT is... instead its sitting on its books for nearly 300 days on average... One would think people would open their eyes to this after the AxsessToday's did much the same, and then it became quickly apparent most of the receivables were noncollectable.
Sure the companies growing, but most of the revenue is coming by...
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$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 133683 | $2.18 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
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