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Old 02-14-2009, 11:17 AM
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Default More bad news for Mastro

Posted By: Eric B

I don't understand the point of holding consignor's checks in order to earn interest. It's just not that much. Using the $2 million previously mentioned, with interest at 3% (if you can get that) it comes to just $60,000 per year. So holding checks for 3 months (1/4 year) is just $15,000 income.

Ticking consignor's off for $15,000 ????

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