Manhattan Bridge Capital

More reviews (2)

Live  

The Manhattan Bridge Capital company, also known as "MBC," is a real estate finance company that specializes in originating, servicing, and managing short-term, bridge loans for real estate investors and developers in the New York metropolitan area. Founded in 1989, the company's headquarters are located in Great Neck, New York.
MBC primarily focuses on providing short-term financing solutions for properties that are not currently eligible for traditional bank loans. These loans are typically used for the acquisition, renovation, enlargement, development, and refinancing of commercial and residential properties.
The company is publicly traded on the NASDAQ stock exchange under the symbol "LOAN" and has a long track record of steady growth and profitability. MBC has a market capitalization of over $100 million and has consistently paid dividends to its shareholders.
MBC differentiates itself from other real estate finance companies by offering personalized service and a quick turnaround time on loans. The company's team of experienced professionals has extensive knowledge of the local real estate market and is able to make fast and informed lending decisions.
MBC's loan portfolio is diversified and includes a mix of commercial and residential properties. The company's borrowers include individuals, partnerships, corporations, and other entities involved in the acquisition, development, and rehabilitation of properties.
In addition to providing short-term bridge loans, MBC also offers construction loans, mezzanine loans, and other types of real estate financing. The company prides itself on its flexibility and ability to customize loan solutions to meet the specific needs of its borrowers.
Overall, Manhattan Bridge Capital is a well-established and reputable company in the real estate finance industry, known for its experienced team, personalized service, and strong financial performance.

MS4gU3BlY2 lhbGl6ZXMg aW4gSGFyZC BNb25leSBM b2FuczogTW FuaGF0dGFu IEJyaWRnZS BDYXBpdGFs IHNwZWNpYW xpemVzIGlu IG1ha2luZy BoYXJkIG1v bmV5IGxvYW 5zLCB3aGlj aCBhcmUgc2 hvcnQtdGVy bSwgYXNzZX QtYmFzZWQg bG9hbnMgdG hhdCBhcmUg c2VjdXJlZC BieSByZWFs IGVzdGF0ZS 4gVGhpcyBh bGxvd3MgdG hlIGNvbXBh bnkgdG8gb2 ZmZXIgY3Jl YXRpdmUgZm luYW5jaW5n IHNvbHV0aW 9ucyB0byBy ZWFsIGVzdG F0ZSBpbnZl c3RvcnMgYW 5kIGRldmVs b3BlcnMgd2 hvIG1heSBu b3QgcXVhbG lmeSBmb3Ig dHJhZGl0aW 9uYWwgYmFu ayBsb2Fucy 48YnI+Mi4g RXhwZXJpZW 5jZWQgTWFu YWdlbWVudC BUZWFtOiBU aGUgY29tcG FueSdzIG1h bmFnZW1lbn QgdGVhbSBo YXMgb3Zlci AzMCB5ZWFy cyBvZiBjb2 xsZWN0aXZl IGV4cGVyaW VuY2UgaW4g dGhlIHJlYW wgZXN0YXRl IGFuZCBsZW 5kaW5nIGlu ZHVzdHJ5Li BUaGV5IGhh dmUgYSBkZW VwIHVuZGVy c3RhbmRpbm cgb2YgdGhl IG1hcmtldC BhbmQgYXJl IHdlbGwtZX F1aXBwZWQg dG8gZXZhbH VhdGUgcG90 ZW50aWFsIG ludmVzdG1l bnRzIGFuZC BtYW5hZ2Ug cmlza3MuPG JyPjMuIFN0 cm9uZyBUcm FjayBSZWNv cmQ6IE1hbm hhdHRhbiBC cmlkZ2UgQ2 FwaXRhbCBo YXMgYSBwcm 92ZW4gdHJh Y2sgcmVjb3 JkIG9mIG92 ZXIgMzAgeW VhcnMgb2Yg c3VjY2Vzc2 Z1bCBsZW5k aW5nLCB3aX RoIGFwcHJv eGltYXRlbH kgJDEgYmls bGlvbiBpbi Bsb2FucyBv cmlnaW5hdG VkIHRvIGRh dGUuIFRoaX MgZGVtb25z dHJhdGVzIH RoZSBjb21w YW55J3MgYW JpbGl0eSB0 byBuYXZpZ2 F0ZSBkaWZm ZXJlbnQgbW Fya2V0IGNv bmRpdGlvbn MgYW5kIGNv bnNpc3Rlbn RseSBnZW5l cmF0ZSByZX R1cm5zIGZv ciBpbnZlc3 RvcnMuPGJy PjQuIERpdm Vyc2lmaWVk IFBvcnRmb2 xpbzogVGhl IGNvbXBhbn kgaGFzIGEg ZGl2ZXJzZS Bwb3J0Zm9s aW8gb2YgbG 9hbnMsIHdo aWNoIHJlZH VjZXMgaXRz IGNvbmNlbn RyYXRpb24g cmlzayBhbm QgaW5jcmVh c2VzIHRoZS BzdGFiaWxp dHkgb2YgaX RzIGVhcm5p bmdzLiBUaG lzIGluY2x1 ZGVzIGxvYW 5zIGZvciBz aW5nbGUtZm FtaWx5IGhv bWVzLCBtdW x0aWZhbWls eSBwcm9wZX J0aWVzLCBh bmQgY29tbW VyY2lhbCBw cm9wZXJ0aW VzLjxicj41 LiBDb25zZX J2YXRpdmUg VW5kZXJ3cm l0aW5nIFN0 YW5kYXJkcz ogTWFuaGF0 dGFuIEJyaW RnZSBDYXBp dGFsIGZvbG xvd3Mgc3Ry aWN0IHVuZG Vyd3JpdGlu ZyBzdGFuZG FyZHMsIHdo aWNoIHJlcX VpcmUgYm9y cm93ZXJzIH RvIGhhdmUg YSBzaWduaW ZpY2FudCBl cXVpdHkgc3 Rha2UgaW4g dGhlIHByb3 BlcnR5IGFu ZCBhIHN0cm 9uZyB0cmFj ayByZWNvcm Qgb2Ygc3Vj Y2Vzc2Z1bC Bwcm9qZWN0 cy4gVGhpcy BtaW5pbWl6 ZXMgdGhlIH Jpc2sgb2Yg ZGVmYXVsdC BhbmQgcHJv dGVjdHMgdG hlIGNvbXBh bnkncyBpbn Zlc3RvcnMu PGJyPjYuIE dlb2dyYXBo aWMgUmVhY2 g6IFRoZSBj b21wYW55IG 9wZXJhdGVz IGluIHRoZS BOZXcgWW9y ayBtZXRyb3 BvbGl0YW4g YXJlYSwgb2 5lIG9mIHRo ZSBsYXJnZX N0IGFuZCBt b3N0IGVzdG FibGlzaGVk IHJlYWwgZX N0YXRlIG1h cmtldHMgaW 4gdGhlIHdv cmxkLiBUaG lzIHByb3Zp ZGVzIGEgbG FyZ2UgcG9v bCBvZiBwb3 RlbnRpYWwg Ym9ycm93ZX JzIGFuZCBw cm9wZXJ0aW VzIGZvciBp bnZlc3RtZW 50IG9wcG9y dHVuaXRpZX MuPGJyPjcu IFRyYW5zcG FyZW50IFJl cG9ydGluZz ogTWFuaGF0 dGFuIEJyaW RnZSBDYXBp dGFsIHByb3 ZpZGVzIHRy YW5zcGFyZW 50IHJlcG9y dGluZyBvbi BpdHMgZmlu YW5jaWFscy wgbG9hbiBw b3J0Zm9saW 8sIGFuZCBw ZXJmb3JtYW 5jZSB0byBp dHMgaW52ZX N0b3JzLiBU aGlzIGFsbG 93cyBpbnZl c3RvcnMgdG 8gbWFrZSBp bmZvcm1lZC BkZWNpc2lv bnMgYW5kIH RyYWNrIHRo ZSBjb21wYW 55J3MgcHJv Z3Jlc3MuPG JyPjguIEhp Z2ggUmV0dX JuIFBvdGVu dGlhbDogRH VlIHRvIHRo ZSBzaG9ydC 10ZXJtIG5h dHVyZSBvZi BpdHMgbG9h bnMgYW5kIG hpZ2gtaW50 ZXJlc3Qgcm F0ZXMsIE1h bmhhdHRhbi BCcmlkZ2Ug Q2FwaXRhbC BvZmZlcnMg dGhlIHBvdG VudGlhbCBm b3IgaGlnaC ByZXR1cm5z IGZvciBpdH MgaW52ZXN0 b3JzLiBUaG UgY29tcGFu eSBhbHNvIG Rpc3RyaWJ1 dGVzIHF1YX J0ZXJseSBk aXZpZGVuZH MsIHByb3Zp ZGluZyBhZG RpdGlvbmFs IGluY29tZS B0byBpdHMg c2hhcmVob2 xkZXJzLg==

TWFuaGF0dG FuIEJyaWRn ZSBDYXBpdG FsIGlzIGEg cmVhbCBlc3 RhdGUgZmlu YW5jZSBjb2 1wYW55IHRo YXQgc3BlY2 lhbGl6ZXMg aW4gb3JpZ2 luYXRpbmcs IHNlcnZpY2 luZywgYW5k IG1hbmFnaW 5nIHNob3J0 LXRlcm0sIG ludGVyZXN0 LW9ubHkgbG 9hbnMgZm9y IGNvbW1lcm NpYWwgYW5k IHJlc2lkZW 50aWFsIHBy b3BlcnRpZX MgaW4gdGhl IE5ldyBZb3 JrIG1ldHJv cG9saXRhbi BhcmVhLiBU aGV5IHByaW 1hcmlseSB3 b3JrIHdpdG ggc21hbGwg dG8gbWVkaX VtLXNpemVk IHJlYWwgZX N0YXRlIGlu dmVzdG9ycy BhbmQgZGV2 ZWxvcGVycy B3aG8gbmVl ZCBxdWljay BhbmQgZmxl eGlibGUgZm luYW5jaW5n IHNvbHV0aW 9ucy4gVGhl aXIgYnVzaW 5lc3MgbW9k ZWwgaXMgYm FzZWQgb24g cHJvdmlkaW 5nIHNob3J0 LXRlcm0gYn JpZGdlIGxv YW5zIHdpdG ggaGlnaC1p bnRlcmVzdC ByYXRlcyBh bmQgZmVlcy wgd2hpY2gg YXJlIHNlY3 VyZWQgYnkg dGhlIGJvcn Jvd2VyJ3Mg cHJvcGVydH kuIFRoZXkg YWxzbyBnZW 5lcmF0ZSBp bmNvbWUgdG hyb3VnaCBv cmlnaW5hdG lvbiBmZWVz LCBsb2FuIH NlcnZpY2lu ZyBmZWVzLC BhbmQgbGF0 ZSBmZWVzLi BCeSBmb2N1 c2luZyBvbi BhIHNwZWNp ZmljIGdlb2 dyYXBoaWMg cmVnaW9uIG FuZCB0eXBl IG9mIGxvYW 4sIE1hbmhh dHRhbiBCcm lkZ2UgQ2Fw aXRhbCBpcy BhYmxlIHRv IG1pbmltaX plIHJpc2sg YW5kIG1haW 50YWluIGNv bnNpc3Rlbn QgcmV0dXJu cyBmb3IgaX RzIGludmVz dG9ycy4gQW RkaXRpb25h bGx5LCB0aG UgY29tcGFu eSBtYWludG FpbnMgYSBz dHJvbmcgdW 5kZXJ3cml0 aW5nIHByb2 Nlc3MgYW5k IGNsb3NlbH kgbW9uaXRv cnMgdGhlIH BlcmZvcm1h bmNlIG9mIG l0cyBsb2Fu cyB0byBtaX RpZ2F0ZSBh bnkgcG90ZW 50aWFsIGRl ZmF1bHRzLg ==

Manhattan Bridge Capital’s earnings, cash flow, and overall valuation are potentially sensitive to changes in interest rates due to the nature of its business model, which primarily involves real estate financing.
1. Earnings Sensitivity: If interest rates rise, the cost of borrowing increases for borrowers seeking loans secured by real estate, which may lead to a decline in demand for financing. This could result in lower revenues and earnings for Manhattan Bridge Capital as fewer deals may be closed or existing loans may be refinanced at higher costs.
2. Cash Flow Sensitivity: Higher interest rates can also impact cash flow. If borrowers face higher costs, some may default or delay payments, affecting cash inflows. Conversely, if the company locks in higher rates for its own borrowings, this could lead to increased interest expenses, further tightening cash flow.
3. Valuation Sensitivity: The valuation of Manhattan Bridge Capital is heavily influenced by its earnings and cash flow metrics. Discounted cash flow models, commonly used for valuation, will yield lower present values if future cash flows are expected to decline due to rising interest rates. Additionally, higher rates may lead to a re-evaluation of risk in the real estate sector, potentially increasing the discount rate applied to future cash flows.
In summary, Manhattan Bridge Capital’s financial performance and market valuation are sensitive to interest rate fluctuations, with higher rates generally posing challenges to both earnings and cash flow, thereby impacting overall valuation metrics.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvbX U0cDNSRDBD OHJhVTJsQX JjTzcud2Vi cCIgYWx0PS JNYW5oYXR0 YW4gQnJpZG dlIENhcGl0 YWwiIHRpdG xlPSJNYW5o YXR0YW4gQn JpZGdlIENh cGl0YWwiIC BjbGFzcz0i aW1nLWZsdW lkIiBoZWln aHQ9OTAgd2 lkdGg9OTAg bG9hZGluZz 0nbGF6eScg c3R5bGU9J2 JvcmRlci1y YWRpdXM6ID ZweDsnPgoK ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdmbGV4Oi AxOyB0ZXh0 LWFsaWduOi BjZW50ZXI7 IG1hcmdpbi 1sZWZ0OiA1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PHAgc3R5bG U9J2ZvbnQt c2l6ZTogMj ZweDsgY29s b3I6ICMzMz M7IG1hcmdp bi1ib3R0b2 06IDE1cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IPCfk4ggV2 FudCB0byBy ZWFkIG1vcm UgYWJvdXQg TWFuaGF0dG FuIEJyaWRn ZSBDYXBpdG FsPwogICAg ICAgICAgIC AgICAgICAg ICAgICA8L3 A+CgogICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdp bmRleC5waH A/cGFnZT1z aWdudXAnIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJh Y2tncm91bm QtY29sb3I6 ICMwMDdCRk Y7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bjb2xvcjog I2ZmZjsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHBhZG Rpbmc6IDEw cHggMjBweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JvcmRlci1y YWRpdXM6ID VweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHRleHQt ZGVjb3JhdG lvbjogbm9u ZTsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGZvbnQtd2 VpZ2h0OiBi b2xkOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgbWFyZ2 luLXJpZ2h0 OiAxMHB4Ow ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdH JhbnNpdGlv bjogYmFja2 dyb3VuZC1j b2xvciAwLj NzIGVhc2U7 JwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg b25tb3VzZW 92ZXI9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA1 NmIzIicKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIG9ubW 91c2VvdXQ9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA3QkZGIi c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IGZvciBmcm VlCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvYT 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxzcG FuIHN0eWxl PSdtYXJnaW 46IDAgOHB4 OyBjb2xvcj ogIzU1NTsn Pm9yPC9zcG FuPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aW5kZXgucG hwP3BhZ2U9 bG9naW4nIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGNv bG9yOiAjMD A3QkZGOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdGV4 dC1kZWNvcm F0aW9uOiB1 bmRlcmxpbm U7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bmb250LXdl aWdodDogNT AwOyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBsb2cg aW4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgoKCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dtYXJnaW4t dG9wOiAxNX B4OyBmb250 LXNpemU6ID EzcHg7IGZv bnQtd2VpZ2 h0OiBib2xk OyBjb2xvcj ogI2QzMmYy ZjsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+OgS BGcmVlIGRv d25sb2FkIS A8aT4iVGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2NrcyI8 L2k+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv cD4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwh LS0KICAgIC AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nbWFyZ2lu LXRvcDogMT JweDsgZm9u dC1zaXplOi AxM3B4OyBj b2xvcjogIz Q0NDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgU2ln biB1cCBub3 cgYW5kIGdl dCBvdXIgZn JlZSBlQm9v ayAKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IDxiPlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3M8L2 I+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxNnB4 OyBmb250LX NpemU6IDE0 cHg7IGNvbG 9yOiAjNDQ0 OyBmb250LW ZhbWlseTog LWFwcGxlLX N5c3RlbSwg QmxpbmtNYW NTeXN0ZW1G b250LCBTZW dvZSBVSSwg Um9ib3RvLC BIZWx2ZXRp Y2EgTmV1ZS wgc2Fucy1z ZXJpZjsgbG luZS1oZWln aHQ6IDEuNj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgSGF2ZSB5 b3UgaGVhcm QgYWJvdXQg b3VyIHNob3 J0IDxzdHJv bmcgc3R5bG U9J2ZvbnQt d2VpZ2h0Oi A2MDA7Jz5E YWlseSBWaW RlbyBOZXdz bGV0dGVyPC 9zdHJvbmc+ PwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naHR0cHM6 Ly93d3cuaW 5zaWdodGZ1 bHZhbHVlLm NvbS9uZXdz bGV0dGVyLn BocCcgdGFy Z2V0PSdfYm xhbmsnIHN0 eWxlPSdjb2 xvcjogIzAw N0JGRjsgdG V4dC1kZWNv cmF0aW9uOi Bub25lOyBm b250LXdlaW dodDogNTAw OyBtYXJnaW 4tbGVmdDog NnB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgRmluZCBv dXQgbW9yZQ ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgLS 0+CiAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg IAogICAgIC AgIAogICAg ICAgIDxzcG FuIGNsYXNz PSdibHVycm VkLXRleHQn PgogICAgIC AgICAgICBN UzRnVkdobE lHIE52YlhC aGJua2cgZD JGeklHWnZk VyA1a1pXUW dhVzRnIE1U azRPU0IxYm 0gUmxjaUIw YUdVZyBibU Z0WlNCS1pY IEpwWTJodk lFRnogYzI5 amFXRjBaWC BNc0lFbHVZ eTRnIFlXNW tJR05vWVcg NW5aV1FnYV hSeiBJRzVo YldVZ2RHID hnVFdGdWFH RjAgZEdGdU lFSnlhVyBS blpTQkRZWE JwIGRHRnNM Q0JKYm0gTX VJR2x1SURJ dyBNRE11UE dKeVBqIEl1 SUVsMGN5Qm 8gWldGa2NY VmhjbiBSbG NuTWdZWEps IElHeHZZMk YwWlcgUWdh VzRnUjNKbC BZWFFnVG1W amF5IHdnVG 1WM0lGbHYg Y21zdVBHSn lQaiBNdUlG Um9aU0JqIG IyMXdZVzU1 SUggTndaV0 5wWVd4cCBl bVZ6SUdsdU lIIEJ5YjNa cFpHbHUgWn lCemFHOXlk QyAxMFpYSn RMQ0J6IFpX TjFjbVZrTE MgQnViMjR0 WW1GdSBhMm x1WnlCc2Iy IEZ1Y3lCMG J5QnkgWldG c0lHVnpkRy BGMFpTQnBi blpsIGMzUn Zjbk1nWVcg NWtJSE50WV d4cyBJR0ox YzJsdVpYIE 56WlhNdVBH SnkgUGpRdU lFbDBjeSBC c1pXNWthVz VuIElHTnlh WFJsY20gbG hJR2x1WTJ4 MSBaR1Z6SU dFZ1ptIDlq ZFhNZ2IyNG cgZEdobElH SnZjbiBKdm QyVnk0b0Na IGN5QmpjbV ZrYVggUjNi M0owYUdsdS BaWE56SUdG dVpDIEIwYU dVZ2NYVmgg YkdsMGVTQn ZaaSBCMGFH VWdZMjlzIG JHRjBaWEpo YkMgd2djbU YwYUdWeSBJ SFJvWVc0Z2 RIIEpoWkds MGFXOXUgWV d3Z1ptRmpk RyA5eWN5Qn pkV05vIElH RnpJR2x1WT IgOXRaU0Jo Ym1RZyBZWE 56WlhSekxq IHhpY2o0MU xpQk4gWVc1 b1lYUjBZVy A0Z1FuSnBa R2RsIElFTm hjR2wwWVcg d2dhR0Z6SU daMSBibVJs WkNCdmRtIF Z5SUNReElH SnAgYkd4cG IyNGdhVyA0 Z2JHOWhibk 1nIGMybHVZ MlVnYVggUn pJR2x1WTJW dyBkR2x2Ym k0OFluIEkr Tmk0Z1ZHaG wgSUdOdmJY QmhibiBuaW dKbHpJR3h2 IFlXNXpJSF I1Y0cgbGpZ V3hzZVNCby BZWFpsSUhS bGNtIDF6SU c5bUlERXQg TWlCNVpXRn ljeSB3Z2Qy bDBhQ0JwIG JuUmxjbVZ6 ZEMgQnlZWF JsY3lCeSBZ VzVuYVc1bk lHIFp5YjIw Z01UQXQgTV RRbExqeGlj aiA0M0xpQl VhR1VnIFky OXRjR0Z1ZW UgS0FtWE1n Ykc5aCBiaU J3YjNKMFpt IDlzYVc4Z2 FYTWcgY0hK cGJXRnlhVy B4NUlHTnZi WEJ2IGMyVm tJRzltSUcg eHZZVzV6SU hObCBZM1Z5 WldRZ1luIG tnWm1seWMz UWcgYlc5eW RHZGhaMiBW eklHOXVJSE psIFlXd2da WE4wWVggUm xJSEJ5YjNC bCBjblJwWl hNZ2FXIDRn VG1WM0lGbH YgY21zc0lF NWxkeSBCS1 pYSnpaWGtz IElHRnVaQ0 JHYkcgOXlh V1JoTGp4aS BjajQ0TGlC TllXIDVvWV hSMFlXNGcg UW5KcFpHZG xJRSBOaGNH bDBZV3dnIG FYTWdZU0J3 ZFcgSnNhV0 5zZVNCMCBj bUZrWldRZ1 kyIDl0Y0dG dWVTd2cgYk dsemRHVmtJ RyA5dUlIUm 9aU0JPIFFW TkVRVkVnWl ggaGphR0Z1 WjJVZyBkVz VrWlhJZ2RH IGhsSUhScF kydGwgY2lC emVXMWliMi B3Z1RFOUJU aTQ4IFluSS tPUzRnU1gg UWdhR0Z6SU dKbCBaVzRn Y0hKdlptIG wwWVdKc1pT QmwgZG1WeW VTQjVaVyBG eUlITnBibU 5sIElHbDBj eUJwYm0gTm xjSFJwYjI0 cyBJR2x1WT J4MVpHIGx1 WnlCMGFISn YgZFdkb0lI Um9aUyBBeU 1EQTRJR1pw IGJtRnVZMm xoYkMgQmpj bWx6YVhNdS BQR0p5UGpF d0xpIEJVYU dVZ1kyOXQg Y0dGdWVlS0 FtWCBNZ1pt OTFibVJsIG NpQmhibVFn UTAgVlBMQ0 JCYzNOaCBa aUJTWVc0c0 lHIGhoY3lC dmRtVnkgSU RNd0lIbGxZ WCBKeklHOW 1JR1Y0IGNH VnlhV1Z1WT IgVWdhVzRn Y21WaCBiQ0 JsYzNSaGRH IFVnWm1sdV lXNWogYVc1 bklHRnVaQy BCcGJuWmxj M1JwIGJtY3 VJRWhsSUcg aGhjeUJpWl dWdSBJSGRw ZEdnZ2RHIG hsSUdOdmJY QmggYm5rZ2 MybHVZMiBV Z2FYUnpJR2 x1IFkyVndk R2x2YmkgND 0KICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg
See Company Q&A