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And now, here we are, after NovaStar generated over $1M a MONTH from a small number of securitizations. It not only kept them alive, paying the Trups on time, it allowed them to wait. They waited until Streetlink began to generate the expected insurgence of cash flow, taking their time to build a quality company and not taking shortcuts.They waited out an extra year to push the Advent debit card through to the tax refund season.They waited until their revenue position let them present their recapitalization plan which will be very soon in a Proxy letter to shareholders.Coming soon........P.S. Good luck with your new Governor.
Unbelievable...just ran the "cash" from securitizations from this months bond reports and "cash" received by Novastar thru February is running ahead of last year.These are things you just can't hide.Enjoy the ride!!!RookyakaRichard MorrisVa. Beach, Va.
Cheapie knows that cash doesnt even cover corporate overhead.Cheapie thinks the sellers cant find any buyers.
Cheapie sees that amount doesnt even cover monthly corporate overhead.Cheapie ran his own debt/Ebitda calculation and it isnt pretty.