So Heels, we should not care about revnue at all, just the assets?
Tracee Tolentino, host of the “Three Minute Interview at Wall St. Net” interviewed G. Carol Johnson about Heritage Capital Credit Corporation on July 11, 2008.
Below is the transcription of that Interview.
Carol: Heritage Capital Credit Corporation posted its first quarter balance sheet and income statement on the company’s website, which is www.heritagecapitalcredit.com and the Pink Sheets at www.pinksheets.com. These financials were internally prepared and they reflect the closings on three transactions in the first quarter. Those transactions generated gross revenue of approximately $857,000. From those closings, we expect to generate gross revenue by yearend of approximately $12 million, and this includes a portion of the financing arrangement fee receivable of $33 million, which is amortized over the 35-year life of the loan. Our assets total approximately $717 million and our real liabilities are less than 5%.
I'd say Carol has the revenue issue on her radar so I wouldn't worry yourself!
Disclaimer: My Opinions are just that, opinions. I'm not responsible for anyones trading decisions. I never make any recommendations, nor do I ever try to influence any individual(s) to buy or sell
Disclaimer: My Opinions are just that, opinions. I'm not responsible for anyones trading decisions.