In fairness, as the article says, they are a lender of last resort... and there are plenty of strong businesses that are getting pushed out of the bank, that can look to alternatives like Scottish Pacific and other similar alternatives for 7-12% funding.... These make up the majority of the market, and only the truly un-finance-able are Prospa/Moula/Capify type candidates, who are not long term finance options, but rather provide short term finance "fixes" for those in dire need.
PGL Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held