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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (5086)	1/10/1999 5:34:00 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 7609

Well, Both Bill and isoman - FAMC get nothing of this. FAMC revenue (and cash flow) is the fees for establishing the loans = appx 2.5% of loan amount. Average net income should be 25-35% of those 2%. = 30MM$ loans processed = 750K$ revenue = 225K$ net income. Of course there are extra costs here in the beginning, until theres full speed on the process, the costs are higher - So we should not expect 25-25% net profit for the first years processing. Further administration of the loans is not done by FAMC. Interest and recurring service/administration fees belong to the loan provider. Kr Jens