Primary Goal: Close $740 million in loans which would produce 8 cents a share pre-tax earnings. Once revs begin they envisage continued growth and eventually dividends to investors.
How long until funding for these loans is secured?
They have secured a new funding source and the funding of these loans now appears to be imminent.
Longer term Goal?
Merge with funding conduit to allow greater access to capital and to facilitate the goal of becoming a bank.
Goals for 2008?
Once the primary goal above is fulfilled they plan to:
Posted by: stervc In reply to: balamidas who wrote msg# 6759 Date:12/12/2007 3:58:04 PM Post #of 7668
Update from the HCPC CEO...
The CEO from HCPC called me earlier. Heck, talk about being lucky. She said that she normally does not return phone calls for the company, but since a few people had been out, she said that she decided to return my phone calls. She said that she normally allow her Investor Relations to handle the phone calls. I was on my way to a staff meeting when she called so I hope she didn’t feel like I was rushing her for no reason. I did not get the chance to speak with her as long as I would have liked.
I will make this as simple as possible concerning our discussion as I see no need to try to get into any details as I wouldn’t want to twist things up. She was very basic and concise with her comments. In short, everything that we have been talking about with HCPC is true. I just had to hear it from the CEO’s mouth for myself.
She told me to keep checking their website for updates. She told me that the $740 Million deal is true. She confirmed the things we have been posting about which was basically info from the already existing updates and PRs. She said that we will be getting news soon; either late this week or early next week.
I recommend for all to do their DD with HCPC, but I do believe that something major is in the makings here with HCPC and that we will be hearing about these things very soon.
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