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Cash Store Financial Services Inc T.CSF

Sector: Financial Services | Sub-Sector: Credit Services
Alternate Symbol(s):  CSFS

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 2.70/0.085
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0 stars

Proceeds from sale

Any word how much they received from sale? or is it still a secret for SIR Bill Aziz!  rate and reply
0 stars

Bankruptcy

I just wish they can file for bankruptcy after the sales process so that those laidoff workers can apply for payment from federal govt. WEPP program. I Heard that the money raised through sales will...read more
0 stars

RE:RE:RE:RE:rest of temp laid off - now laid off

I forgot the biggest group who were screwed by the CRO and his group..... the share holders who believed in this company. We were all fooled by those who 'were' at the top of this company and 'now...read more
5 stars

RE:RE:RE:rest of temp laid off - now laid off

I couldn't agree more. The CRO himself has taken more than $1.7M out of a cash strapped company. This is not his first kick at sifting through the ashes to find the remaining gold. He has a long track...read more
5 stars

RE:RE:rest of temp laid off - now laid off

You obviously do not have a clue about the alternative lending market. The fact that you have not made the same remarks regarding Money Mart is verification that you add no value to the conversation.  rate and reply
0 stars

RE:RE:rest of temp laid off - now laid off

Maybe you should be directing your anger at the laws that allow them to do this rather than the company that is trying to survive long enough to make a sale? Or maybe toward the laws that allow the...read more
0 stars

RE:rest of temp laid off - now laid off

I don't think this should come as a surprise. Their primary source of income is predatory lending - which really questions the morals of the company from the beginning.  rate and reply
0 stars

rest of temp laid off - now laid off

so all temp laid off staff now have been terminated - can not claim WEPP and no severance - may never receive a penny. This company has no morals and no respect for anyone other than themselves - the...read more
0 stars

RE:Why are ?

The Twelfth Report of the Monitor talks about this, starting on page 12. I don't quite understand all the details but it appears that, basically, the company had agreed in February to only collect on...read more
0 stars

Why are ?

Why are Ontario offices no longer allowed to accept payments of any kind. Does anybody know?  rate and reply
5 stars

RE:Pay for head office employees

Keyword: "Purchaser" That is Money Mart agreeing to compensate a select list of head office employees to stay til the transition has completed, hence the name "Transition Services Agreement." It's...read more
1 star

Pay for head office employees

This is quoted from 11th report of the monitor from FTI website: " Under the Transition Services Agreement, the Purchaser agrees to provide two months base pay to certain head office employees who...read more
5 stars

RE:RE:RE:Life after Cash Store

Couldn't agree more 911. You hit it right on the nose. Bill Aziz has always been there for his own personal gain.... Well said.  rate and reply
5 stars

RE:RE:Life after Cash Store

Bill Aziz and company are in business for years making tonnes of money from distressed businesses. Recently, I believe they got a big account to handle, US Steel. Still have no word as to what...read more
5 stars

RE:Life after Cash Store

Just to be clear.  No company with it's own HO, Collections group, Senior Mgmt team, IT department and infrastructure would ever keep more people than are required to run the company.  The CRO didn't...read more
0 stars

RE:Money Mart is our potential purchaser

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...read more
0 stars

RE:Money Mart is our potential purchaser

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...read more
0 stars

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.  rate and reply
0 stars

RE:New Owner

is this in reference to Ontario or do you believe all employees at all branches will be let go?  rate and reply
0 stars

New Owner

They're only interested in storefronts and any staff left will be released if deal goes through. There is zero chance Ontario will issue another license under current conditions so hanging on to...read more