[J.Celifarco]

how do you cover over head cost of funds and bad debt lending money at that rate. I find that absolutely insane

[AlexSMF]

how do you cover over head cost of funds and bad debt lending money at that rate. I find that absolutely insane

My thoughts exactly, John. I should apply for a loan with them and turn the money around and deplore it at a higher rate. Talk about insane.

[FUNd]

how do you cover over head cost of funds and bad debt lending money at that rate. I find that absolutely insane

You dont. Maybe they are following the Wal-Mart model. Make prices so low it forces everyone else out of business, then raise prices a few notches and make your money in volume once the competition is crushed.

[J.Celifarco]

You dont. Maybe they are following the Wal-Mart model. Make prices so low it forces everyone else out of business, then raise prices a few notches and make your money in volume once the competition is crushed.

bad debt and having to turn on the lights would put them out of business before that happened charging those rates

[Funder Mark]

bad debt and having to turn on the lights would put them out of business before that happened charging those rates

Amen to that. The offer just does not feel legit. From a private investor I can imagine that offer, from a legitimate company, no way. BTW, how much was the offer for?