EQUITY FINANCIAL HOLDINGS INC. T.EQI

Control

[frickey46]

The battle has just began!!!!!

[Tobuyornot]

Smoothwater can get choppy: After being rebuffed in attempts to reach an agreement with Genesis, Smoothwater launched a proxy battle, proposing a slate of directors for the company. Genesis countered with a court challenge, and succeeded in winning a ruling postponing the vote. The battle was settled in August with Genesis agreeing to add two of Smoothwater's proposed director nominees

[undervalue]

I am a former shareholder who believed that Nick could emulate the mortgage lending model of Home. When he was let go, I sold.  I listened to the last call. Very lightweight, I am glad not to be holding with current magt. The proxy fight is s real ugly way to go.  If Smooth strikes a deal with the current board, I doubt it will work. There are really bad feelings floating around. If they

[dealmaker0]

https://www.newswire.ca/en/story/1263173/equity-financial-announces-response-to-shareholder-action I don't think anyone understands on this board how quickly they can the mortgage on books can go from 400 million to 1 billion than 5 billion with a 3 point spread. Its a business Nick is highly experienced at executing. Wow is smoothwater ever lucky to have so many ignorant retail

[frankstevens17]

I agree with you "undervalue" this could get ugly and expensive with Smoothwater involved. Unfortunately Smoothwater has no track record as an activist shareholder other than Genesis (GDC) and the jury is still out on their involvement in that company since they only took a stock position earlier this year and the stock price is stuck around $3.50. The GDC deal resulted in an

[undervalue]

They are firing fairly aggresive language at each other. The set the record straight pr is brutal. I still feel that the equity lending mortgage biz is a craft, not a put money on the books fast to make targets. Slagging former employees in the press prior to a shareholder vote seems a bit much. Neither side seems to be conducting themselves well. I will wait for the vote. Nick back, I will give

[frankstevens17]

I've never held stock in EQI but I hold several thousand shares in GDC. Based on my experience with the Smoothwater/GDC deal I wish I had avoided that purchase because the market value of GDC has done nothing since Smoothwater got involved. The bottom line is Stephen Griggs is no Carl Icahn so don't expect the same results as Icahn gets.

[las5513]

What I like about Smoothwater is their style which involves having plenty of skin in the game.