worried
Junior Member
Super worried for my investment in HarbourEdge
Posts: 13
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Post by worried on Mar 23, 2020 22:54:36 GMT
My two cents it that HE is prepared to do NOTHING, their favourite strategy
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brad1
Full Member
Posts: 39
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Post by brad1 on Mar 24, 2020 1:01:51 GMT
My two cents it that HE is prepared to do NOTHING, their favourite strategy This is what HE did for me ever since I trusted them with my money (besides a lousy, plummeting dividend): NOTHING. As they are very good at doing nothing for Investors, I suspect the current economic environment gives them a perfect excuse. Their Two Share Plan doesn't make any sense now; just wait a few months to see what mortgages are still on, we might not have any need for two classes of shares
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Post by thebigshort on Apr 5, 2020 1:18:44 GMT
I receive almost everyday emails from Galen Weston; he has a vision on how to get through hard times and we know he is there steering the groceries boat in the right direction. Calin Rovinescu is pressing the PM to do the right thing for Air Canada employees temporarily unemployed and we know he will be ready for us when things will start moving again. Crucial times for CEOs to show leadership: - Be transparent
- Communicate frequently
- Get ahead of the issue
- Bring perspective
- Communicate solutions, not just issues
- Let people know how you are caring for them
What is Larry Dunn, our CEO doing these days? What is HMIC direction during this crisis?
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Post by nemesis on Apr 5, 2020 2:53:44 GMT
What is Larry Dunn, our CEO doing these days? What is HMIC direction during this crisis?
I hear he is in Florida at his golf villa. Surprised?
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Post by thebigshort on Apr 6, 2020 18:39:59 GMT
What is Larry Dunn, our CEO doing these days? What is HMIC direction during this crisis? I hear he is in Florida at his golf villa. Surprised? Honestly, Yes. 1. When the entire community of CEOs is working 24/7 to stay on the top of the crisis, the HMIC CEO is on vacation!? 2. When each Canadian came home as quickly as possible and those still stranded elsewhere are desperately asking for help, Mr. Dunn is still abroad? I hope he is okay
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Post by maryanne on Apr 9, 2020 0:51:08 GMT
thebigshort, Mr. Dunn is reading our posts and considering the points we make! We finally received "A message from the CEO" sent from Tim Dwyer's email and signed by Larry Dunn. Good enough for me. We appreciate him listening to us. It's a good start
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Post by disappointedinvestor on Apr 9, 2020 22:51:32 GMT
I would appreciate an update on their reorganization plan.
Is that still on? It doesn't make a lot of sense in the new market
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Post by thebigshort on Apr 10, 2020 0:44:04 GMT
I would appreciate an update on their reorganization plan. Is that still on? It doesn't make a lot of sense in the new market This is an excellent point, HE reorg plan is based on performing and non-performing assets not changing their weight, steady 55%/45% for almost one year, since May 2019 More defaults are expected this year and under the current rules all of them are going to HRAC. What is our CEO's vision for this shift? Can we end up with 70%/30%? what would be the dividend then (with interest rates going down)? I hope LD is reading these posts and has a plan. I can't wait to hear it...
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chris
Junior Member
Posts: 13
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Post by chris on Apr 10, 2020 1:07:07 GMT
That's a good one, thebigshort, hope LD is reading and responding
Desperate times call for cash
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larry
New Member
Posts: 1
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Post by larry on Apr 14, 2020 13:08:13 GMT
Private debt funds freeze investor withdrawalsTwo of Canada’s largest private debt funds, Bridging Finance Inc. and Romspen Investment Corp., froze investor redemptions on Monday, the latest sign of COVID-19-related stress in a sector popular with wealthy, income-seeking investors.
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Post by thebigshort on Apr 17, 2020 19:18:27 GMT
Private debt funds freeze investor withdrawalsTwo of Canada’s largest private debt funds, Bridging Finance Inc. and Romspen Investment Corp., froze investor redemptions on Monday, the latest sign of COVID-19-related stress in a sector popular with wealthy, income-seeking investors. The redemption suspension is temporary for Romspen, permanent for HarbourEdge, the former due to deadly virus, the latter due to unprecedented incompetence...
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