We don't know what M-Loan cost OR what it added to the bottom line (which shows a $ 4,500.00 loss YTD). The 2022 Q3 filing showed $ 458,000.00 in YTD revenue vs. $ 82,000.00 for the same period the year before BUT they paid out almost $ 400,000.00 in "commissions" which never appeared as a line item until the 2022 Q2 filing. If all the revenue collected and all the commission paid were attributed to M-Loan it would mean about $ 58,000.00 gross profit coming from the acquisition before salaries and other expenses but there were probably at least some sales from other products and services. What makes it really fishy is that assuming ALL company revenue was due to M-Loan, the $ 400,000.00 paid out as "commissions" would come to over 87% of what M-Loan brought in and if at least some of that revenue came from existing product sales (again, it was $ 82,000.00 Q3 last year before the acquisition) it would mean the "commissions" consumed even a higher percentage of the M-Loan business. In fact, if only $ 60,000.00 was attributable to other existing lines of business this year it would mean that 100% of M-Loan revenues were paid out in "commissions". Who is collecting those commissions??? Where do I apply???
News 
Market Data 
Discover 
