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Saturday, September 19, 2009 4:56:28 PM
"if CEO JDB is not ethical , competent , and successful . Lowes , H.D. , etcetera , and the three Banks believe that he is."
- I believe that Crestmark Capital (the $1M line) is not a bank (although it is owned by one), but rather a factoring company. And... invoice factoring is based on the customers' creditworthiness, not EXPH's... So it is incorrect to suggest that this relationship is validation of JD/EXPH.
I also would say that it is a <stretch> to suggest that companies buying product from EXPH is equivalent to a testimony that they believe that JD is "ethical , competent , and successful"
Other than that... great post Renee!
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