Automotive Finco Corp V.AFCC.H

RE:RE:RE:RE:New Investor

[JayBanks]

So I got wind of this company after 2 mentions of the company on Market Call or anouther show on BNN. One the mentions they gave a strong profile of what this is and the outlook of it, then the 2nd time I seen it come up the mention of the insider workings and investments and what it would mean if they got broad exposure.

I also read on Internet article and profile on them months ago I can't for the life of me find again. After they switched exchanges I notice a bunch of things were reset and some older stuff was harder to find. I too have looked through SEDAR and can't get any real proof of income or anything, but they also seem to not have to make full reports because of their stats (not an expert on this). But the old profile I seen showed income they were recieveing and that it was a little above the payout rate.

I invested because they have been able to maintain this payout since early 2017, so it seems they are getting income somewhere that I can't see. I first started watching this in like January at around $1.50 and kept watching it rise... I tried several times to get in at like 1.65-1.70 and gave up and kept seeing it rise as opening was happening and drew a line at $2 after it crested it a couple times. I'm only in $3000 for 1500 shares which is rather minor for my account (3.7% weight in my TFSA and falling), I figured this was worth a shot in the dark for 10% yield and have a stop loss set. I've also decided with a starter position that they would have to put me on the mailing list for any information they send out to shareholders, so I hope to get info there maybe the yearly booklets.

I'm currently waiting to get my first payout end of this month, Scotiabank gives the news (like here) that they declared it, but usually within 2-5 days a company shows up on an expected income page, but this company has not been added to the list yet. I've myself questioned things a bit more since I've jumped in but I'll feel it out and report back what I find or don't find myself. I've only recently started trying NEX and CSE listed companies (I've only done a few Venture trades) and it seems they have differing rules for reporting, I'm yet to have a poor experience so I'm feeling it out. I'm by no means comfortable with it, but interested to see what happens.