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17/10/18

21:33

Post #: 36163887
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Originally posted by Veecat ↑

Originally posted by Mchad
You seem awfully concerned with those figures? Do you personally think the company is to blame for people's mismanagement of their own funds? Not budgeting or making payments on time when they knew well in advance that payments were due. The late fees associated with missed payments are a fraction of the cost passed down by banks and other credit facilities. Maybe it's a small price to pay for a valuable lesson in not start something that cannot be finished or managed responsibly.
I couldn’t care about the individuals but this is last resort finance and the skyrocketing late fees is worrying for APTs model - hence why the regulators want to look at them. Clearly minimal to no checks going on and dealing with questionable characters who should not be afforded more debt.

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@Veecat

Have you kept your short position open overnight or something?

APT Price at posting: $11.35 Sentiment: Buy Disclosure: Held
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