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Chesswood Group Ltd 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.


PINL:CHWWQ - Post by User

Post by Northforce13on Aug 07, 2024 10:14pm
243 Views
Post# 36168796

fraud?

fraud?" that after properly adjusting for a system error,"

Sounds possible they cooked the books to remain within covenants.

Followed by some potential cease trade comments. 

I used to own this long ago, when it was cheap, and checked in on it occassionally, fascinated at how the share price exploded while the business grew on the back of ever higher leverage. 

The tide has gone out and the swimmers seem uncomfortable.  

Used to be a nice little gem of a company, many years ago.  

oof.

GLTA



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