Interesting disclosure So. the co. generated $13.5 million in supply chain revenues on $550 miliion in transactions, or 2.5%.
Assume 1/2% to 1% is lending service fees forgone and included in supply chain expenses. That's $2.75 - $5.5 million that could become gross margin when the outsourcing deal ends.
Co. is making difficult to understand wtf is going on.
"Peak agreed to outsource the logistics portion of the service bundle to Ronghuitong and forego a large portion of its Lending Hub services fees also as outsourcing expenses until such a time that Peak’s AST subsidiary, through its Gold River platform, would be in position to provide most of the services outsourced to Ronghuitong."