MisunderstandingClearly many investors have misunderstood how this is going to work out. As I indicated in the RBC post, their new target would likely be around $6.00 for the remaining two divisions in ECN and after shareholders have received their $7.50 in cash.
Meanwhile, here is the link to Steve Hudson who was on BNN today. He is very optimistic that he will continue to grow the company, and they don't need anymore cash to expand so the dividend will likely rise to a POR higher than its current 25%.
Like others here, I was adding more into two accounts as we neared the close. GLTA
US$2B capital from service finance sale is better held by our shareholders then us: ECN Capital CEO
Steve Hudson, CEO of ECN Capital, joins BNN Bloomberg to discuss the sale of the firm’s home renovation lending service. He also notes the company has grown 60 per cent through the pandemic and that future growth will likely be organic.
https://www.bnnbloomberg.ca/video/us-2b-capital-from-service-finance-sale-is-better-held-by-our-shareholders-then-us-ecn-capital-ceo~2258009