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Re: georgie18 post# 35656

Sunday, 02/20/2022 11:08:23 AM

Sunday, February 20, 2022 11:08:23 AM

Post# of 40499
Correct. tchalla is in effect saying, with utter conviction, all over again, that the CE is never coming down. Just as that proclamation was staggeringly wrong, the one being made now is equally staggeringly wrong, both in description and understanding.

Let me be clear. The purchase of debt assets is just that. It is the acquisition of an asset purchased at a discount reasonably well below the value of what finely honed industry assessments deem collectible. So, BLLB has purchased an asset that is worth more than what they paid. It shows up on the balance sheet, can be sold for more than its purchase price and can be used as leverage in other dealings just as any corporate asset can and does.

This ASSET purchase also provides BLLB with the strength of credibility in the potential upcoming merger or acquisition of the online software company. Given that company's "state-of-the-art platforms and technology has to do with helping others in the debt collection business, it seems that BLLB has already positioned themselves with tools to further develop and market those platforms and technologies once that transaction has been completed. UTTER GENIUS!!

The failure of some here to connect the dots and understand the significance of the long term planning that has taken place is astounding. GLTA BH

Learning always challenges what you think you know

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