Replies to post #9595 on Praxsyn Corp (PXYN)

[Lighthouse]

It's not a finance charge, factoring is as follows... Billing is used as collateral

A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. Also referred to as "factoring".

[cdhames]

It's not a finance charge. I'm guessing much of that 55% is the insurance adjustment, just like Drugdoctor describes here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104379268