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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 Thestockguyon Jan 25, 2021 2:00pm
155 Views
Post# 32377108

RE:RE:RE:RE:Still Nothing

RE:RE:RE:RE:Still NothingVery strange.  These guys exerted a significant amount of effort and money under the pretense that the board was not 'shareholder accountable' or 'reponsive'.  THEY needed to be in charge.

Newhouse then proudly declared at the AGM that more detail regarding the plans would be communicated in coming weeks (that was Dec 11).

The January 21 press release effectively said that they will work toward growth and increased profitability (with no plans disclosed).  Wow.  That is what your plans are? 

The shareprice has been under pressure since the AGM.

Since the AGM, SEDI reports no evidence of insider buying of RFC.

As a shareholder, I really want to believe in this new team.  Please give me something as a reason to hold or buy. 
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