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, now plural, could expose to risks.
- Consumer finance receivables investment increased from $318 million to $62.8 million, impacting cash flows.
- Related party loan receivable decreased from $406 million to $20 million, affecting financials.
- Senior notes outstanding debt increased from $199.2 million to $356 million, impacting debt service.
- Market interest rate increase may decrease senior notes value and raise future borrowing costs.
- Short sellers' allegations may cause significant volatility in stock price, affecting investor value.
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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