Re: [Nolug] Flex/AIR Developer Wanted

On 2010-04-21 11:47, Chris Johnston wrote:
[snip]
>
> It is the exact opposite of what you discovered "slicing and dicing" through
> the marketing. Small contractor X selling his receivable from GE that won't
> come for 120 days for, say a %5 discount for payment now , is far different

5% discount from 4 months? That's (*roughly*) 16% APR. It's been a
long time since I've cared what bank LOCs are, but they can't be
that high...

One thing, though, is that TRE *guarantees* that your money arrives
*now* instead of *probably* some time later.

> than the small collection company you portray them as. I don't meant to piss
> anyone off but it might be beneficial to do more research before tearing the
> down the companies that are helping to build the tech economy in New
> Orleans.

I'm *not* bashing; I just want to cut to the heart.

Chris' explanation is excellent.

> Christopher Johnston
>
>
> On Tue, Apr 20, 2010 at 4:12 PM, Ron Johnson <ron.l.johnson@cox.net> wrote:
>
>> On 2010-04-20 14:36, Mike Walker wrote:
>>
>>> exciting things going on at the Receivables Exchange. I joined a few
>>>
>> After reading the web site and slicing through the marketing, it seems that
>> what RX does is broker uncollectable debt from small businesses to scavenger
>> collectors, probably at a steep discount.
>>
>> Doesn't sound as glamorous as "Receivables Exchange", but someone's got to
>> do it...
>>

-- 
Dissent is patriotic, remember?
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