I get stacking is becoming more and more the norm in this industry. That said I need to understand why an ISO would try to stack a second position 10k 3 month 1.42 deal or why a bank would approve this when the balance on the deal is 15k and the merchant is doing over 50k a month. I was able to keep this deal by offering a regular refi because the ISO who tried to take it believed a 3 month second position deal would be better then a 8 month regular deal. Can someone explain to me the thinking of these companies. Who would the bank offer the second position when they could have the first position and why would the ISO try for a 10k second position when they would make more money on a bigger first position deal. I am starting to think there are companies out there that only know how to stack and dont have a clue how to do anything else