Risk Factors Update Summary
- Investment in Freedom VCM and Brian Kahn's relationship may adversely affect business, reputation, and stock price.
- Identified material weaknesses in internal control over financial reporting, exposing to additional risks.
- Increased market interest rates could decrease the value of senior notes and raise future borrowing costs.
- Related party loan receivable fair value changed from approximately $406 million to $20 million.
- Consumer finance receivables investment decreased from $318 million to $62 million.
- Reduced dividend from $1.00 to $0.50 per share may impact investor confidence.
- Short sellers' allegations causing significant volatility in stock price and potential investment loss.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1464790&owner=exclude
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