RE:RE:RE:Caution p.s. CEO has since clarified that fees will be ~2% of value of transactions, not interest.
So 15%-30% x $100 billion x 2% = $300 mil - $600 mil.
lscfa wrote: Your dumbass argument already refuted.....
Wrong. CEO assured us the BJM deal is at least as large as the BDC deal. He estimated that 15%-30% of these distributors clients (total 310,000 with annual sales of at least $100 billion) could be using the platform regularly in 2021 and 50% regularly using it eventually.
So 15%-30% x $100 billion x 2%-4% of 15% interest rate = $45 mil - $180 mil.
Lowfloatmining1 wrote: Here you are... now I'm a pos for stating the obvious some two weeks later. Don't be bitter some you win and some you lose that's trading.
Lowfloatmining1 wrote: Appears to be one of those Asian pump and dump plays. The wall street reporter interview provided zero factual potential. When a ceo says "I can't say" when asked about future earnings potential I would urge caution. Congratulations to all who made money but there will be plenty who will be left holding the bag.