SSC Security Services Corp Ordinary Shares V.INP

RE:RE:Did anyone listen to the conference call yet?

[epz]

I disagree that we need to wait until Feb 2019 WMG.  If mortgage streams are truly going to be transformative then they need to be able to sell them in the summer even at a slower rate.  Brad and Doug have told me that they will only take 2 visits to the farmer vs 5 for the capital streams.  Even a busy farmer can spare 2 visits if he wants to expand. 

I see two issues (besides lackluster sales jobs).  One is that I think they should make the price that is paid for the canola variable (like prime plus .25 or in canola terms ICE exchange average price plus .25%).  I think farmers over worry about everything and when the prices for canola are in the $480 they won't sign up worried that it's going to $550 and not wanting to miss the upside. I'd rather have the certainty on the other end myself and don't think this is where you want to make profit on stream anyway.  Just cover your trading costs (which I imagine will be closer to 1-2% but still that would only be $7 on a MT not the current $30+ they'd be taking or $100 if it went to $550.

They need to remove roadblocks to sell their product not create them.

The second is their anticipated 9%.  When I look up CALA I see this:

Competitive Interest Rates

• Maximum interest rate on variable rate loans is Prime + 1%
• Maximum interest rate on fixed rate loans is the Residential Mortgage Rate + 1%

  I see that and I wonder how the hell they're anticipating 9% (although in the first set of mortgages it was lower than that.)  Makes me want to jump ship but I've got too many shares to make that practical.  For small business the rates are much higher and I made an incorrect assumption that farmers would have the same rates as they're a small business.