Nova Star Message Board - Msg: 28100916

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Non-Tech : Nova Star

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To: bankbuyer who wrote (116)	4/23/2012 8:06:06 PM
From: Covenant	1 Recommendation Read Replies (1) of 134

Steetlinks home appraisal management is the company. The failed subprime tax refund antipation loan business at Advent will drain some cash before Advent eventually gets shut down. Dwindling portfolio cash flows are an offset to outrageous G&A expenses. Mango moving is basically a small side show, but should be able to breakeven on a cash flow basis if scale can be amassed. The bet with NFI is that Streetlinks will be able to carry both G&A and interest expenses by 2015. A lot of growth is needed for that to happen. The company cannot succeed at current G&A levels.

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