Primary Goal: Close $740 million in loans which would produce 8 cents a share pre-tax earnings. Once revs begin they envisage continued growth and eventually dividends to investors.
How long until funding for these loans is secured?
They have secured a new funding source and the funding of these loans now appears to be imminent.
Longer term Goal?
Merge with funding conduit to allow greater access to capital and to facilitate the goal of becoming a bank.
Goals for 2008?
Once the primary goal above is fulfilled they plan to:
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