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08-06-2015, 12:54 PM #1
My bet is that they BK in the next 12 months.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-06-2015, 01:03 PM #2
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08-06-2015, 01:09 PM #3
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Can someone shed some light on why they took this company public in the first place?
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08-06-2015, 01:12 PM #4Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-06-2015, 02:26 PM #5
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08-06-2015, 01:26 PM #6
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I respect Ondeck very much, i just think its a shame (they had no intentions of this being the outcome) while protecting and advocating for not harming the merchant (rightfully so) and having only the best ISO's (again great business practice) turns out they (unintentionally) so far created A BILLION and a HALF PLUS LOSS of shareholders value.
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08-06-2015, 01:48 PM #7
here is where you are wrong Mikey Sweats....
They have been looking to sell and cash out for years. Sharif used to brag to me back in 2008-2009 that B of A was going to buy them for a billion....to which I would tell him that Crack is Whack!
They don't give a rat's ass about the merchants, or even the investors. They were robbing Peter to pay Paul for years with 6 rounds of financing. then they went public, all the employees take a huge cash payout, and leave the investors with the duffle bag of 30% defaults.
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08-06-2015, 02:31 PM #8
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08-06-2015, 02:33 PM #9
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08-06-2015, 02:37 PM #10
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08-06-2015, 02:39 PM #11
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08-06-2015, 02:35 PM #12
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08-06-2015, 01:43 PM #13
Lending Club is dealing with lawsuits and investigations as well. Opened IPO at $29 I believe, down to $13 now. Moral of the story, DON'T GO PUBLIC IN THIS SPACE.....
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08-06-2015, 01:50 PM #14
or more importantly, don;t cook your books to investors.
Unlike on these boards or with PR NEWS, where you can say anything you want about your earnings, or default rates, when dealing with publically traded entities, you actually have to tell the truth and expose your books to impartial inspection.
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08-06-2015, 01:48 PM #15
- Join Date
- Sep 2012
- Location
- New York, NY
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- 1,780
Or don't go public unless you can show REAL profits
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08-06-2015, 02:39 PM #16
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08-06-2015, 02:42 PM #17
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08-06-2015, 02:46 PM #18
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Mike why don't you send Chambo some of your real Cubans
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08-06-2015, 02:47 PM #19
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08-06-2015, 03:03 PM #20
Anyway,...looks like ONDK broke the resistance of $9 today.
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08-06-2015, 03:05 PM #21
1) Law Offices of Howard Smith
2) Gainey, McKenna, Egleston
3) Gilman Law
4) Law Office of Howard Smith
All joining the frey. These lawyers jump on like feral hyenas worse than stackers do a 5th position!
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08-06-2015, 03:06 PM #22
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08-06-2015, 03:07 PM #23
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08-06-2015, 03:11 PM #24
I heard the broker who stacked those Law Firms disappeared and nobody can get a hold of him.....lol
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08-06-2015, 04:43 PM #25
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
15.65 million total shares shorted at $17.09 average. 24% of daily trading volume. Shorts are $125M in the money, with absolutely no worry of having to cover anytime soon
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