[Karen37a]

Marcus,

Just to scare the pants off of you. Did you ever see a company delist?

Companies have to hold a certain valuation to stay on the NYSE. It's on the NYSE not Nasdaq correct? ...I don't know the numbers anymore.

I do think the stock has to go under $1 so that part is safe

Earnings are coming out. I hope they post a positive( move into $7.50-10 range...ill look at the short interest) or those hedge funds are going to call for peoples heads or a buyout.

( they are going to yell "fiduciary responsibility" )

oh yeah I was never a stockbroker /venture capital for 15 years...i saw it in the movies lol

[Karen37a]

I learned a mental trick a long long time ago with valuations of stocks...simple and easy to understand valuations ( other than the quantitive and qualitative analysis I use)

When I was buying a stock/investment for myself or someone ; I closed my eyes and thought... " if I had all the money to buy this whole company...100% ( my personal money or my close friends), and my only choice was all or none.... what would I pay for it? and would I buy it at all?"

Then you look at the assets, current revenues...potential future revenues.Hazards going forward, new competition, sales force, and product lines, management expertise ( sales), industry cycles ...then try to place yourself in the future.

Then sometimes the song goes off in my head ( from before my time )

(The moment I wake up before I put on my makeup...i say a little prayer for you.. )

** I use the same method of thinking in cash advance from the day I got here...would I lend this loonie tunes my own money**

( i loved talking with guys who told me I don't understand algorithms and need to go to underwriting school)

Here is another great question. Why would certain companies..not on-deck or lc in particular; make enemies of all their sales force nationwide by not paying someone( many someones) a measly 2k or taking their small book of business away? Or thinking you were smarter and brushing them off , when you clearly were/are not, someone just let you think it to get the edge on you?

( I was at dinner the other night with a few hedge fund guys and we were laughing saying someone is the Harvey Weinstein of the industry, don't ask, don't tell lol)

There are 2 maybe 3 Ceos who really are in touch with their salesforce....it is clearly shown.

Some other companies are tied to specific other companies rise or downfall.

The Backdoor bonanza turned into the Backdoor avalanche. I do hope certain ones pull out of the steep decline, others not so much. ( I am trying not to root for one to go down so they take the others, )

maybe I'll use some peoples favorite word " healthy shake out"....scroll alllllllllll the way back to when I entered the df...i said you were not going to knock the c/d paper out, certain A paper would get knocked out and if you cant sell between 25-50% leave now

[Karen37a]

Nice job to some of you who were fake-friendly with me...I saw you coming from miles and miles away. And the ones who wanted me to join their house /basement Iso...that was fun.

You think I wanted to walk into some company and say "hey I AM A SHARK FROM WALL ST"..hire me for 10 bucks an hour/draw or commission LOL ( not that you believed it anyway)

Some of us just wanted to place deals with out your drama

If there is a lesson to be learned.....Dont drink and drive.

[SBiz]

Nice job to some of you who were fake-friendly with me...I saw you coming from miles and miles away. And the ones who wanted me to join their house /basement Iso...that was fun.

You think I wanted to walk into some company and say "hey I AM A SHARK FROM WALL ST"..hire me for 10 bucks an hour/draw or commission LOL ( not that you believed it anyway)

Some of us just wanted to place deals with out your drama

If there is a lesson to be learned.....Dont drink and drive.

Spot on. Fantastic contribution to the OnDeck Stock discussion.

[Karen37a]

Spot on. Fantastic contribution to the OnDeck Stock discussion.

You will never understand. You are not high enough up the ladder or you are and cant see it.

add **Or you are doing it to people and want me to shut up.

go make 15 more shill names , chase me around and go buy bitcoin.

gl to you

[SBiz]

You will never understand. You are not high enough up the ladder or you are and cant see it.

gl to you

Cool. Thanks.

[WestCoastFunding]

Karen, behave yourself.

[Karen37a]

Karen, behave yourself.

Its not my money that's going to evaporate in thin air

Hard to see these things coming and not yell out DANGER...although people cant see it until after

We put a debt relief guy under down (or out) here....idiot was telling people if they default they can get a loan for 7%..

[Kevin Henry-Seacoast]

Damn it! Now I am pissed my buy stop on ONDK covered my short!

[Karen37a]

I thought I read that earnings are coming out on the 13th...maybe I am wrong

All this is an afterthought...it is what it is...a qtr coming off a hurricane and reduced income for Dec for some business...lets see

Buckle up

[Karen37a]

Ondeck $4.15

This weekend is going to be rough

Grab a beer and cheers to " fiduciary...schma duciary"! tonight

Now some know what some brokers feel like being backdoored, praying their earnings "paycheck" come in.

[mcaguru]

its scary i just don't see a floor.

[Karen37a]

its scary i just don't see a floor.

I do not see it either especially since there is A paper competition like PayPal, Amex etc etc ( with massive money behind them)

Right now is where you have to rally the troops "salesforce" to hustle out sales

Too bad they were all fired and got their books taken from them.


its the "we cant cap " way...fire the salesforce lower commission so they turn on you and cannibalized their old books. While they are saying
( snobby voice)...we are A paper...we do not have pinky rings, but we hold our pinky out when sipping tea with the Queen" lol

[Kevin Henry-Seacoast]

its scary i just don't see a floor.

The floor is zero.

[Karen37a]

The floor is zero.

I agree!

But Zero usually goes lower

Zero sometimes = someone in handcuffs

I believe that's not the case this time

Rich people get pissed off and charge people who are regulated with Rico ...just to get their money back.

It's like a mean ruthless Debt relief strategy

[Lmonus]

Karen - didnt you just post a thread about how you are leaving? This is fake news.

[Karen37a]

Karen - didnt you just post a thread about how you are leaving? This is fake news.

I said I was leaving until the markets and bitcoin crash..I saw the collapse coming and it looked scary...then they crashed the next day or the day after


Anyway, I am off to close sales....not fun being backdoored.

Some should have compassion going forwards ...if/when they turnaround.

I hope they make earnings estimates

[Kevin Henry-Seacoast]

The real crash has not happened...yet.

[Karen37a]

The real crash has not happened...yet.

I agree.

But a few A papers are going to always do well

and certain b/c/d

2 or 3 companies performance is not indicative of future performance of the whole industry, even though they get the most press.

[Jess]

The real crash has not happened...yet.

It will be interesting to see Ondeck's split between internal/ISO deals--my bet is that ISOs increased.

Is is true that BFS and Can are almost entirely ISO now?

[Karen37a]

It will be interesting to see Ondeck's split between internal/ISO deals--my bet is that ISOs increased.

Is is true that BFS and Can are almost entirely ISO now?

I know Isos that some of those companies ditched when they felt like they didn't need them anymore.

Smart money doesn't touch a hot stove twice.

[Karen37a]

That's like a woman having a husband...he dumps her after hitting lotto...somehow shields her from the winnings, throws her into the street with a buck fifty in her pocket.. he .starts dating a trophy woman, he spends all his millions on her and then gets hit by a car...
Now he is in a wheelchair and coming back penniless...wants you to feed him, pay for him and babysit him for the rest of his life.

Have some pride...tell him to kick rocks.

Stay loyal to those that are/were loyal to you

Have a great weekend

[Jess]

That's like a woman having a husband...he dumps her after hitting lotto...somehow shields her from the winnings, throws her into the street with a buck fifty in her pocket.. he .starts dating a trophy woman, he spends all his millions on her and then gets hit by a car...
Now he is in a wheelchair and coming back penniless...wants you to feed him, pay for him and babysit him for the rest of his life.

Have some pride...tell him to kick rocks.

Stay loyal to those that are/were loyal to you

Have a great weekend

Well I was thinking that lack of propriety deal flow will hurt Ondks valuation and BFS ever having a "successful" exit.....but yeah this too

[Karen37a]

Ondecks Earnings

Feb 13 (Reuters) - Online lender OnDeck Capital Inc on Tuesday reported a better-than-expected quarterly profit as it set aside less money for bad loans, and managed to keep costs lower.

Like its peers, OnDeck has been struggling with rising loan defaults, and has faced concerns from investors over the quality of its loans and the ability to grow at a fast pace.

The company, which posted losses in the first three quarters of 2017, has been trying to counter some of the damage to its results from delinquencies by trying to attract borrowers with better credit scores, and keeping a tight leash on expenses.

OnDeck said on Tuesday it set aside $34.4 million as provisions for bad loans in the fourth quarter, down 38.2 percent from a year earlier. Total operating expenses fell 28.2 percent to $37.7 million.

Net revenue more than doubled to $42.1 million.

Net income attributable to common shareholders was $5.1 million, or 7 cents per share, in the quarter ended Dec. 31, compared with a loss of $35.9 million, or 50 cents per share, a year earlier. (http://reut.rs/2BVGEHI)

On an adjusted basis, OnDeck earned 10 cents per share. Analysts on average had expected a profit of 4 cents per share, according to Thomson Reuters I/B/E/S.

Shares of OnDeck were up 1.1 percent at $4.53 in premarket trading. (Reporting By Aparajita Saxena in Bengaluru; Editing by Savio D'Souza and Maju Samuel)

[MCAVeteran]

everyone has direct sales and a renewal retention team. I don't think any established funder relies 100% on ISOs only. If they do, than they lost the control of the relationship w/merchants. You may hear that from an account manager, but, doubt its true. I think its more keep the strategic ISO's that work for you and let the rest go elsewhere that cause bad debt and issues. Why would any big funder be only ISO business? That would only be the case if they had no success in direct marketing, and, if that's the case, they have other issues to worry about since their originations only come fr brokers. I once heard an old saying from a funder, a broker is only important until they are no longer important...