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Bullboard - Stock Discussion Forum
RF Capital Group Inc
T.RCG
Alternate Symbol(s):
GMPXF
Financial Services
Asset Management
RF Capital Group Inc. is a Canada-based wealth management-focused company. The Company operates under the Richardson Wealth brand. The Company operates through two business segments: Wealth Management and Corporate. The Company is focused on providing strategic wealth advice and innovative investment solutions customized for high net worth or ultra-high net worth families and entrepreneurs. The...
Company has approximately 21 offices across the country. The Company's wholly owned subsidiary is Richardson Wealth Limited (Richardson Wealth).
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TSX:RCG - Post Discussion
RF Capital Group Inc
> Wow .- CEO needs to be punted
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•••
1northumberland
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Post by
1northumberland
on Aug 14, 2023 4:01pm
Wow .- CEO needs to be punted
Are they going tit$ up?
(3)
•••
chuck84
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Comment by
chuck84
on Aug 15, 2023 3:20pm
no they are not going under. would think it is a combination of: 1) possibly about to lose some IAs 2) most importantly, the decision to spend 100% of available cash flow on growth including a fair bit renovation offices and showing no regard for value of their own securities. may well be one of the worst capital allocation decisions i can recollect and shows utter incompetence by management. ok
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1northumberland
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Comment by
1northumberland
on Aug 15, 2023 7:06pm
Cannacord offered to buy RF Capital at $2.75 per share a while back - pre 10:1 reverse split or $27.50 in todays dollars and shares. Who made the decision to turn that price down?
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