Chesswood Group Ltd CHWWQ

Financial Services Asset Management

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.

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Chesswood Group Ltd > Messy 17.4%

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Comment by BobTheKnob2on Aug 02, 2024 2:56am

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Post# 36159873

RE:Messy 17.4%

This part from the same news release is related.

The Company also announces that it has received notice from the owner of the Vault names and associated intellectual property that they are terminating the intellectual property agreements with Vault Credit and Vault Home. The Company will therefore be expected to change the names of these subsidiaries as soon as it can do so having regard to its obligations and restrictions under its credit and securitization facility agreements.

Wittlin owns Vault Credit. This could definitely get messy, in short order.

Something is going down here and it is not looking good.

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