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08-06-2015, 01:26 PM #1
Reputation points: 54989
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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 #2
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 #3
Reputation points: 429
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08-06-2015, 02:33 PM #4
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08-06-2015, 02:37 PM #5
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08-06-2015, 02:39 PM #6
Reputation points: 54989
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08-06-2015, 02:35 PM #7
Reputation points: 54989
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