59 unchanged sentences
The recent growth of our investments in private label credit and general purpose credit card receivables may not be indicative of our ability to grow such receivables in the future.
−Removed: Our period-end managed receivables balance for private label credit and general purpose credit card receivables grew to $2,173.4 million at June 30, 2023, from $1,908.9 million at June 30, 2022.
+Added: Our period-end managed receivables balance for private label credit and general purpose credit card receivables grew to $2,314.6 million at September 30, 2023, from $2,049.5 million at September 30, 2022.
The amount of such receivables has fluctuated significantly over the course of our operating history.
2 unchanged sentences
Reliance upon relationships with a few large retailers in the private label credit operations may adversely affect our revenues and operating results from these operations.
−Removed: Our five largest retail partners accounted for over 70% of our outstanding private label credit receivables as of June 30, 2023.
+Added: Our five largest retail partners accounted for over 70% of our outstanding private label credit receivables as of September 30, 2023.
Although we are adding new retail partners on a regular basis, it is likely that we will continue to derive a significant portion of this operations’
155 unchanged sentences
Our financial performance and consumers’
−Removed: ability to repay indebtedness may be affected by uncertain economic conditions, including inflation and changing interest rates.
+Added: ability to repay indebtedness may be affected by uncertain economic conditions, including inflation, government shutdowns and changing interest rates.
Higher inflation increases the costs of goods and services, reduces consumer spending power and may negatively affect our ability to purchase receivables.
In 2022, inflation reached a four-decade high.
−Removed: The Federal Reserve has raised, and has indicated that it expects to continue to raise, interest rates to combat inflation.
+Added: The Federal Reserve has raised interest rates to combat inflation.
Increased interest rates may adversely impact the spending levels of consumers and their ability and willingness to borrow money.
3 unchanged sentences
These recent events have increased inflationary pressures.
+Added: The potential for government shutdowns due to Congress failure to enact an appropriations bill could have a negative impact on the nation's economy and adversely impact both our ability to purchase receivables due to lower economic spending levels and our ability to collect on existing receivables as consumers may have temporary or permanent delays in income.
We are a holding company with no operations of our own.
155 unchanged sentences
Consequently, appreciation in the market price of our common stock, if any, may be the sole source of gain on an investment in our common stock for the foreseeable future.
−Removed: Holders of the Series A Convertible Preferred Stock and Series B Preferred Stock are entitled to receive dividends on such stock that are cumulative and noncompounding and must be paid before we pay any dividends on the common stock.
+Added: Holders of the Series A Convertible Preferred Stock and Series B Preferred Stock are entitled to receive dividends on such stock that are cumulative and non-compounding and must be paid before we pay any dividends on the common stock.
We have the ability to issue additional preferred stock, warrants, convertible debt and other securities without shareholder approval.
11 unchanged sentences
The rights of holders of the Series B Preferred Stock to participate in the distribution of our assets will rank junior to the prior claims of our current and future creditors, the Series A Convertible Preferred Stock and any future series or class of preferred stock we may issue that ranks senior to the Series B Preferred Stock.
−Removed: Our Articles of Incorporation authorize us to issue up to 10,000,000 shares of preferred stock in one or more series on terms determined by our board of directors, and as of June 30, 2023 we have outstanding 400,000 shares of Series A Convertible Preferred Stock and 3,256,261 shares of Series B Preferred Stock.
+Added: Our Articles of Incorporation authorize us to issue up to 10,000,000 shares of preferred stock in one or more series on terms determined by our board of directors, and as of September 30, 2023 we have outstanding 400,000 shares of Series A Convertible Preferred Stock and 3,256,561 shares of Series B Preferred Stock.
We may issue up to 6,343,439 additional shares of preferred stock.
13 unchanged sentences
We are allowed to issue additional shares of Series B Preferred Stock and additional series of preferred stock that would rank on a parity with the Series B Preferred Stock as to dividend payments and rights upon our liquidation, dissolution or winding up of our affairs pursuant to our Articles of Incorporation and the Amended and Restated Articles of Amendment Establishing the Series B Preferred Stock without any vote of the holders of the Series B Preferred Stock.
−Removed: Our Articles of Incorporation authorize us to issue up to 10,000,000 shares of preferred stock in one or more series on terms determined by our board of directors, and as of June 30, 2023 we have outstanding 400,000 shares of Series A Convertible Preferred Stock and 3,256,261 shares of Series B Preferred Stock.
+Added: Our Articles of Incorporation authorize us to issue up to 10,000,000 shares of preferred stock in one or more series on terms determined by our board of directors, and as of September 30, 2023 we have outstanding 400,000 shares of Series A Convertible Preferred Stock and 3,256,561 shares of Series B Preferred Stock.
We may issue up to 6,343,439 additional shares of preferred stock.
126 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.