Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: The AR TRE thingy

By: tkc in ALEA | Recommend this post (0)
Mon, 13 Aug 12 11:56 PM | 70 view(s)
Boardmark this board | The Trust Matrix 		Msg. 09326 of 54959
(This msg. is a reply to 09325 by DigSpace)
Jump:
Jump to board:
Jump to msg. #

I think they got $3.8M of which 2.8M must have been collected as 1M remained pledged as of 6/30 - and for which they'er still on the hook for $853K.




» You can also:
- - - - -
The above is a reply to the following message:
The AR TRE thingy
By: DigSpace in ALEA
Mon, 13 Aug 12 11:43 PM 		Msg. 09325 of 54959

Lets see if I got this right.

Wave is essentially taking paycheck loans ... Wave expects to get some money from Dell (AR), they get a loan against it, they buy the AR back (pay off the loan) and so on. A revolving AR LOC.

So far they have moved some 4.m that way at which at the end of the quarter they had a balance of .8-1.0m on their AR-LOC.

Correct?

The facility is good for 1m, and their end of Q balance was .8? Or is it that they got .8m that is collateralized by 1m in AR. Can they go 2m, 4m, 6m of collateralized AR (assuming they had such an amount of AR?)

I mean this could carry them through assuming they bag a deal of 5 for a couple mill or 5?

The only thing that is certain is Wave clearly exudes being under the firm steady hand of capable management.


« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next