Also--managed to get the boss on the phone last ni
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Posted On: 03/20/2019 9:44:46 AM
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Also--managed to get the boss on the phone last night. A couple points of interest:
Debt is from January 2018, 60k. It matured this past January and was always in the filings. That is the selling we have seen. That is the 'new' debt we saw on the Q. He needed to get things moving in the right direction. Now with profits at 200k a month, he does not see any further need for this kind of borrowing.
Also--business has never been better--many small dealers signing on an almost daily basis and more calls coming in from dealers asking for the product.
Focus on the future, and not a 12 month old debt of 60k. Many people sold because of a 12 month old debt of 60k, all the while the company is profitable and growing revenues. Think about that.
Debt is from January 2018, 60k. It matured this past January and was always in the filings. That is the selling we have seen. That is the 'new' debt we saw on the Q. He needed to get things moving in the right direction. Now with profits at 200k a month, he does not see any further need for this kind of borrowing.
Also--business has never been better--many small dealers signing on an almost daily basis and more calls coming in from dealers asking for the product.
Focus on the future, and not a 12 month old debt of 60k. Many people sold because of a 12 month old debt of 60k, all the while the company is profitable and growing revenues. Think about that.
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