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Bullboard - Stock Discussion Forum 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... see more

TSXV:RFC - Post Discussion

RIFCO Inc. > So why the big jump today in Price & Volume?
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Post by Lawyerup on Jun 10, 2021 4:31pm

So why the big jump today in Price & Volume?

26% jump in price and large volume so why?  Whenever I see something like this with no news on the venture it makes me believe somebody knows something coming up with a leak.  See if there is a news release tomorrow.  Kinda makes me believe we might see a sale or takeover.  Largely been disappointed with this play.  All the best, Charlie.
Comment by JawDrop on Jun 11, 2021 11:27am
This was likely an accident and clicked buy at market rather than sell. LMAO This company is more focused on colourful socks (like JT) then they are  on earnings. K
Comment by Thestockguy on Jun 15, 2021 4:31pm
This group of Directors are wholly unqualified for pubco board.  The exchange / ASC ought to have demanded someone qualified be part of this board.  the volume might be innocent.  
Comment by Lawyerup on Jun 16, 2021 6:05pm
Yeah totally agree for a group that said their priority would be establishing shareholder value and more transparency they have been pretty poor.  Best thing now would be to sell RFC to a larger more capable player that actually works for shareholders.  
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