Originally posted by sean bash
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A more comprehensive story on this just came out today: http://www.wsj.com/articles/how-a-gr...ses-1484587393
"The errors were significant enough, the people said, to cause the company to breach covenants with its big-bank creditors such as Wells Fargo & Co. and push out three top executives."
Looks like, according to this, the execs put on leave aren't coming back.
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I would not be surprised ;-)
It's a good thing. If they come back with their old discipline they will do very well and bring the industry back some stability. With OnDeck and CAN C having issues it rippled negativity about the survival in the space. Therefore them coming back in is a good thing
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Originally posted by 2xf View PostI have no doubt they will fix it and get back on the right path. They hit a rough patch, but don't count them out. Advanceme was the leader for so many years and they started the industry. You don't forget how to ride a bicycle...
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Originally posted by capital anon View PostRough patch? They would be starting from scratch, a brand new business.
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