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RIFCO Inc. V.RFC

RIFCO Inc is an auto-purchase finance company. Its subsidiaries are engaged in vehicle financing. The company provides non-traditional vehicle financing to motorists through a growing network of select new and used vehicle retailers. Its auto financing is available to both franchise and independent dealers who want to create a partnership. The company has its operation in all provinces in Canada except Quebec.


TSXV:RFC - Post by User

Comment by Lawyerupon Dec 18, 2020 4:08pm
56 Views
Post# 32142317

RE:RE:RE:RE:Drop then uptake

RE:RE:RE:RE:Drop then uptakeThanks Sam, yeah I wouldn't let it go either.  So when you look at it if I sold my shares on Deceber  3rd or 4th I would still get my dividend giving 3 days for possession date on December 7th.  So someone that bought my shares on December 7th or later would not get the dividend based on ex-dividend date as what a normal company would abide to.  The news release added to the confusion because it looks to me they promoted you could buy up to the 10th and still get the dividend which looks to me that you would have a large number of shares the company would have to pay out the dividend twice. 

If you have it in writing and also what your broker told you I think you have a bonafide case to demand that RFC pay you the dividend as in the confirmation email.  Hopefully, the new team will bring back investors and add value to this stock.  I am waiting for some positive news going forward maybe establishing a small quarterly dividend and expanding sales and new areas of expansion.  All the best, Charlie.
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