Post by
Renterab on Oct 09, 2014 4:23pm
Money Mart is our potential purchaser
Money Mart still needs to go through Court proceedings. We should still be under CCAA protection until November 28th. This is public information.
Comment by
gameOFwait on Oct 10, 2014 6:53am
not sure how many staff members are going to wait around for the axe to drop, they only ( potentially) bought a 'portion' and have stated that not all branches will remain open, ( great for those who remain open, they are retaining that staff) I for one will not wait around to be let go the end of November to be without money while waiting for EI
Comment by
Xstorm on Oct 10, 2014 6:00pm
Lone Star Funds is actually the buyer, a Private company. Moneymart was bought out last year by DFC Global which was bought out by Lone Star Funds in June and delisted. Lone Star is buying up all the distressted payroll lenders.