Cash Store Financial Services Inc CSFS

In the clear?

[sickofwondering]

Is this a dead issue now?  
Has the company officially overcame their financial issues and all jobs are safe?  Curious because there has been no activity here for a while.

[emanuelbourgeoi]

This post has been removed in accordance with Community Policy

[sickofwondering]

I'll take the lack of response as a yes. Business as usual...  

[destroyed]

NO! the company filed for protection from their creditors and will be delisted from the TSE. I am sorry to say, but it is over. They'll be some regulatory paperwork, debt/creditor issues, but the business is done

[sickofwondering]

Do you know what happened with the DIP hearing today?

[spyguy200]

There is no way that the company can be saved no matter what they try. This is just that one step before bankruptsy. They are just trying to buy time.

[sickofwondering]

So, I guess they are blowing smoke up everyone's collective butts?  Because according to corporate communication there are no job losses looming and we are absolutely business as usual. 

[ontchurp]

so last weeks 500 lay offs in Ontario don't count?  Oops, just temp lay offs

[outintime]

Gotta love the big brass in this company!  They sure do have the balls!  I don't see how it can be business as usual in Ontario, they still don't have a lender's licence!  No stock traded.  I would imagine though that people are still borrowing in the other provinces and  if those people have kept up with anything going on, collecting is going to be next to

[sickofwondering]

The rest of the provinces are business as usual...  That's what we have been told. They have a plan and this does not affect business in any way. That's according to corporate communication sent out yesterday. No mention of any issues what so ever. This creditor protection and DIP will solve everything. 

[outintime]

Too bad they can't be at least a little bit honest and tell it like it is.  I feel bad for the employee's who are really getting taken down the garden path.