OTCPK:INPCF - Post by User
Post by
Ogopogo007on Jan 12, 2020 10:41pm
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Post# 30545007
Strategic review complete.....INP is toast.
Strategic review complete.....INP is toast. REGINA, May 14, 2019 /CNW/ - Input Capital Corp. ("Input" or the "Company") (TSX Venture: INP) (US: INPCF) announced today that its Board of Directors has reviewed progress on its previously announced evaluation of the company's future strategic direction and capital allocation priorities.
The Board undertook a thorough and comprehensive review, in consultation with management and financial advisors, and in the context of current market opportunities and trade disruptions. The Board has concluded that options for cost effective scalable funding of the company's mortgage stream business are not competitively available in the marketplace at this time.
As a result, the Board has taken the decision to postpone further capital deployment operations in favour of maximizing shareholder value from the company's existing book of business with our existing farm clients. The Board has directed management to concentrate efforts on the profitable operation of the existing book of mortgage, marketing and capital streams with the objective of maximizing book value per share and returning capital to shareholders by maximizing the use of the Company's Normal Course Issuer Bid program and exploring the use of a Substantial Issuer Bid in the near future.