Quote:
Originally Posted by trambo
I watched the clip and while there were some questions raised, to me it's nothing more than a guy spreading a rumor. Another thought or explanation could be the lending business for PWCC is so robust, they raised more capital to support that need. I have no information either way but just bringing up another possibility. I'm also not (nor ever) wearing an "I HEART PWCC" t-shirt.
As for lending against the value of cards, I'm sure there's a business there if done properly and I'd bet the returns would be very strong. Whether PWCC is on the good side of it or not isn't for me to say or even guess. I just didn't see any smoking gun w/that 5 minute clip but more a guy w/a youtube page spreading rumors for clicks. Throw some proof and it'll have much more credibility.
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Very, very true, Troy. And exactly why I was saying IF these rumors/comments have any truth to them. We'll just have to wait and see if anything else starts coming out about this.