Friday, July 25, 2014 7:50:44 PM
Revenue growth is stalling relative to the branch expansion. In fact, the revenue of the most recent 15 branches is a lot less than the first 14 branches this same time last year and that's if we assume that the first 14 branches didn't increase revenue at all from last year.
Let's also talk financing.
Convertible debt with steep financing costs has trippled from the third quarter of 2013. The AS has doubled. There are no prime loans. There is no buyout.
Add to that the "old, stale, and really boring" discussion about the CEO repeatedly failing to meet payroll tax obligations that potentially put his clients at risk and the discussion gets really juicy, doesn't it?
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