[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.

[Lmonus]

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

[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

[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...

[Karen37a]

I once heard an old saying from a funder, a broker is only important until they are no longer important..

Until you realize that some brokers were always better than you and they "rip your face off, like a pit bull" in a sales competition.And then you think ...wooaaaa that one was ruthless too when provoked.

Was it worth stealing 2%? on some shiat dump 20k file ...nope

[JD-Strategic]

for the record i'd buy ondeck at any price under $5.50

[mcaguru]

Nice jump but lets remember the entire trading volume from this news was 1.4ish Million shares today that means under 5M dollars of buying went into this corporate update. meaning it woke up (so far) no lions (and believe me wall street has tens of Billions waiting to be placed into a market-news-(potential) game changer. I am just being honest ...Would love to see this company and everyone else in our industry do very well -- it'll only add capital and exits!