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Re: loanranger post# 207304

Saturday, 12/15/2012 8:45:09 PM

Saturday, December 15, 2012 8:45:09 PM

Post# of 312102
Please.

You "forgot" to mention that the slightly increased headcount was only during the NINE months ending September 30, and not the THREE months ending September 30.

We got a new CEO and COO during those 9 months, but not 3 months. And you "forgot" to mention the reduced accounting and legal fees.

Of course there was an increased headcount during the first half of the year. Looks like the second half was a reduced headcount sequentially. The overall 9 months may have been up YOY (no more PAKIT and Javaco) but sequentially it was obviously down, hence it's mentioned ONLY in the 9 month section but completely absent from the 3 month section.

Raw

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