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Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWQ

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance (including equipment finance throughout North America and vehicle finance and legal sector finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee); Tandem Finance Inc. (Tandem); Waypoint Investment Partners Inc. (Waypoint), Chesswood Capital Management Inc. and Chesswood Capital Management USA Inc. (CCM USA); Rifco National Auto Finance Corporation, and 1000390232 Ontario Inc (Easy Legal). Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through the third-party broker channel. Tandem sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States.


TSX:CHW - Post by User

Bullboard Posts
Comment by griffpon Mar 18, 2014 1:52pm
311 Views
Post# 22336863

RE:RE:RE:RE:Massive Chesswood Insider Sale

RE:RE:RE:RE:Massive Chesswood Insider SaleGive me a break. Those options have been on the board for years....so he decides 'yesterday' ...to exercise them?    Lets look at the optics.  He excercises 265K of options and decides to put them all on the market...and more.... over two days.    So what's the hurry?  Why drop them all onto the market in a way the disrupts the capital structure of the company? Agreed, nothing wrong with being a capitalist...but what happened to behaving in an ethical manner and respecting the other shareholders. As I stated, we have seen this many times before and I am questioning in principal the behaviour.  Mr Shafron is free to do whatever he wants but it is more than obvious that self interest has trumped this directors fiduciary duty to me as a stockhlder.  Maybe I have a niave expectation, but I thought that they acted on my behalf also. 
https://en.wikipedia.org/wiki/Directors'_duties
Bullboard Posts