[staten]

AAA reference was great Sean. I think the Company would have a much better shot at survival if they just admitted that the 3 executives committed fraud. They are calling the operating model into question (a well run mca company can make money), when they should say that they removed the executives who committed fraud. Take a page from the lending club book.

[GSilverman]

Looks like Little Underwriting, No Merchant Interviews, No Site Inspections, Not Caring About NSFs and Negative Balance Days, Lowest Rates in the Industry, The Retention Calculator (Retention!!!!?), 2 Pt Sales Bonuses, Sharing Offices with Future Competitors, Taking a Line of Credit from a Future Competitor, Bloated Management Layers in Multiple Facilities and then Selling These Loans in a Package to Institutional Investors IS A BAD BUSINESS MODEL.