Couldn't agree more!Insightfultruth and spinoza I have been saying these things in my posts for months now, but I couldn't have put it better myself, well said!!
I trust the Chairman will continue to clean house with Barrett Reykdal being shown the door next, perhaps with a well spun press release just to save face. Cleary the senior Reykdal has to go now that TCS is funding the loan book with Notes rather than third party lenders (Reykdal’s cronies). The senior Reykdal doesn’t need to get his resume in shape, who would hire a guy with a re*****tion like that? I know Bay Street isn’t impressed. Besides he sold $10m worth of shares years ago and has been sucking the blood out of the company with dividends that greatly padded his pockets.
What a mess, but I believe there is a place in the Canadian consumer credit landscape for payday loan companies, but just not the way Reykdal is running it. See my 10 previous posts below to find out why.