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Sunday, May 26, 2019 10:26:36 PM
The strategy behind Flexiti is still a little confusing to me. As I understand it they are only using the people and the data base to create AI structure for future lending platforms. I believe Flexiti as a private label credit card is 0% financing .... so I'm not sure how they are making interest/money on the $300 Mil lent out - seems like a big investment to collect data. I'm sure there is more to it that I am not aware of.
On a positive note they did announce a shareholder meeting June 20th. Topics covered will be strategy and revenue stream so we shall see. LIVE was a long investment (2-3 year) for me and I had trust in Lacavara based on his success with WIND, but now I'm debating to make this a short investment and get out if we see a lift.
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