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Re: shotsky post# 181021

Friday, 11/20/2020 9:44:57 AM

Friday, November 20, 2020 9:44:57 AM

Post# of 186029
I agree with a lot of that sentiment, but this last quarter showed a drop in AR over the 2nd quarter, albeit a small drop..... but the revenue increased.... whatever revenue they do obtain obviously does note go into paying notes, it goes right into paying for growth, more MENA revenue, but mostly on new ventures that don’t make money yet. I do the same thing, however, I do it with conventional loans, that have great rates, and terms, they do not have that, lol. I don’t use cash to grow if I have a balance on a high rate CC...

I’ll note to, in this climate, growth and expansion into me ventures should be the furthest thing on the minds of an executive, no matter the drive or stubbornness you might have to a new branch.... what should be on your mind is stability..... Obvious problem with Anshu.