Ondeck EBITDA loss of between $41 million and $49

**isaacdstern** · 05-03-2016, 07:06 AM

http://debanked.com/2016/05/ondeck-disappoints-marketplace-in-jeopardy/

**isaacdstern** · 05-03-2016, 07:09 AM

How long can you really survive with numbers like this??

I'm assuming their investors want to eventually see light at he end of the tunnel??

Does anyone have any insight into what their largest shareholders are saying?

**Michael I** · 05-03-2016, 09:54 AM

Originally Posted by isaacdstern

Does anyone have any insight into what their largest shareholders are saying?

god help us all

**isaacdstern** · 05-03-2016, 07:15 AM

Down 35% pre market

**FUNd** · 05-03-2016, 09:17 AM

I think Everest said it best. Holy sh*t.

**TStein** · 05-03-2016, 09:20 AM

I'll be keeping an eye on this when the market opens....

**bizloanbroker** · 05-03-2016, 09:43 AM

penny stock territory, it goes on the green sheets if its under $5, right?

**KTK** · 05-03-2016, 09:48 AM

^ no they can trade on NYSE at or above $1, then if under $1 for to long they face a delisting. But they will reverse long before that if need be.

wow are they getting hammered today.

**isaacdstern** · 05-03-2016, 09:58 AM

I think they officially screwed it up for anyone else that ever planned to go public in our space....

In the end they are just FIN no TECH

**staten** · 05-03-2016, 05:21 PM

Originally Posted by isaacdstern

I think they officially screwed it up for anyone else that ever planned to go public in our space....

In the end they are just FIN no TECH

Isaac........there is no fin either

**Funder Mark** · 05-03-2016, 10:37 AM

I always wondered if anyone in our space actually bought their stock. At $7 I was thinking about it, at this point you have to wonder how much lower can it go?

**800fund.com** · 05-05-2016, 12:31 PM

There is strong support at zero.

**mcaguru** · 05-03-2016, 10:40 AM

I would NOT stop anyone from buying shares at these prices. I would bet that the stock is more likely to double then go much more in reverse. I would not be surprised if a CIT (or similar company) acquired them outright. CITwith a 7B market-cap can buy them with little stress to CIT's balance sheet.

**KTK** · 05-03-2016, 11:10 AM

$7 May Puts exploded today +400%
June $5's +450%

**isaacdstern** · 05-03-2016, 11:32 AM

market cap under $400M

**ADiamond** · 05-03-2016, 12:13 PM

wow!!!! they are down 34% today so far

**Chambo** · 05-03-2016, 01:20 PM

Sounds to me like Breslow isn't going to be able to command his $800,000 salary anymore

**Kevin Henry-Seacoast** · 05-03-2016, 01:30 PM

Sounds to me the next time he asks for stock options....he should ask for puts!

**Mmarano** · 05-03-2016, 01:45 PM

I am pretty sure he's been outta there for a while no?

Originally Posted by Chambo

Sounds to me like Breslow isn't going to be able to command his $800,000 salary anymore

**Chambo** · 05-03-2016, 02:03 PM

Originally Posted by Mmarano

I am pretty sure he's been outta there for a while no?

Breslow was CEO of On Deck as of April 12th and spoke at the LendIt conference on their behalf....so you know something I don't Mikey Sweats?

**mcaguru** · 05-03-2016, 02:57 PM

Does not work that way. when a stock goes up a few hundred percent the shorts and put holders get killed should CEO pay the price for those losses.

**Chambo** · 05-03-2016, 02:58 PM

Originally Posted by mcaguru

Does not work that way. when a stock goes up a few hundred percent the shorts and put holders get killed should CEO pay the price for those losses.

He can argue that with the SEC

**Funder Mark** · 05-03-2016, 03:00 PM

Originally Posted by mcaguru

Does not work that way. when a stock goes up a few hundred percent the shorts and put holders get killed should CEO pay the price for those losses.

Except that as CEO, his job is to secure the company growth and stock price, and when the value drops by this much, someone needs to be held accountable.

**mcaguru** · 05-03-2016, 02:34 PM

Originally Posted by Chambo

Sounds to me like Breslow isn't going to be able to command his $800,000 salary anymore

He deserves to make a good living 800K is fair. He offers merchants a great product and pays ISO's very well! He created hundreds of jobs and has never missed a debt payment.

**Funder Mark** · 05-03-2016, 02:46 PM

Originally Posted by mcaguru

He deserves to make a good living 800K is fair. He offers merchants a great product and pays ISO's very well! He created hundreds of jobs and has never missed a debt payment.

The stocks went from $25 to $5? That means anyone who bought at the IPO and help it lost 80% of their money!!! Why should he be earning $800k?

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