business

Here’s what matters: that these shareholders sell because they finally can — not because they think the business is doomed.

The suits center on a kind of debt deal known as asset-based finance, in which the borrower posts as collateral a stream of revenue generated by specified businesses, equipment or customer receivables.

Most of Pinkfong’s revenue comes from content sales which includes earnings from YouTube and other platforms like concerts, versus smaller lines of business in licensing or merchandising.

“I’m glad they are attempting to relocate, but we were already used to being in that business location that treated us good,” Castillo said.

“This data needs to be backed up for business continuity purposes and is driving the market for data backup and recovery software,” he wrote.