RE:RE:RE:RE:Sale of loan portfolioFrom goeasy press release. It looks like they paid face value for the loan $31.9 for $31.9. Note that $12.4 previously written off consumer loan is also part of the transaction. Goeasy side does not mention the $1.5 million potential performance fee. I think this is a very good transaction for MOGO - but now the loan book is pretty much left with the bottom of barrel type of junk though.
With the stock where it is trading, barring other loan covenant consideration, management maybe more hesitant to simply convert all the debenture into shares.