Hey Adam,

Fair analysis – but given that the average \”loan period\” is 12 months –
after 7 years of operations wouldn\’t the majority of their customers have
already paid off their loans, thereby recapitalizing the business as well
as servicing any of the debt repayments that would have to (continue) to be

Just like you, I\’m only guessing…

Best regards,


On Mon, Mar 12, 2018 at 1:08 PM, Adam Lane via kictanet <