What hell is going on?, page-135

$1.00 share in 60 days and that is at a generous PE of 25 times. This business will be lucky to make $4m a year and there is no upside, just a world of pain in unsecured small business lending, huge marketing costs (they pay brokerage of up to 8% of loan value, ie: double what a gouging lease broker can expect). The data they collect is already held by credit agencies and the banks that rejected these loan applicants anyway.

Can’t believe Macquarie and UBS pulled the wool over so many people.