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To: bankbuyer who wrote (116)4/23/2012 8:06:06 PM
From: Covenant1 Recommendation  Read Replies (1) | Respond to 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.



To: bankbuyer who wrote (116)4/23/2012 10:07:42 PM
From: batman100232 Recommendations  Respond to of 134
 
it is shocking that an $11k trade dropped the stock 15%.

tells me that the bulls on the stock are not willing at all to step up to the plate. hopefully no bad news is coming because the exit is going to be hard to get thru.