The Cash Store Financial Services Inc. (CSFSF)

[TheNervousInvestor]

I know. The drop was unanticipated and the volume is a parody. Either way, cost averaging is always a pretty good idea. I'm starting to feel that this is going to be a buyout candidate over anything else. GL

[JDUR]

No news yet and it is still dropping.

Thinking about adding more down here... Volume is a joke

[TheNervousInvestor]

By the way, are you sure they only have to service a fine? I thought they had to get a brokerage license or something like that

[TheNervousInvestor]

My trading partner called .60 when good news comes out. .95 would awesome, but...that might be a little to dreamy.

[JDUR]

That's why I'm here all they have to do is pay a fine and they will get the green light to proceed with loans. Should jump back up to .60 real quick when that happens

[TheNervousInvestor]

Waiting for a big pop on the news when it comes out.

[ecmoney]

i'm waiting for a lower price...i think it will go lower because usually the Law Firms file class action lawsuit for shareholders who lost a large amount of money.


after that it will sink to the extreme low and i'm buying there


just my opinion



EC

[Renee]

CSFS delisted from NYSE to the OTC. Ticker changed to CSFSF:

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/03/2014&mkt_ctg=NON-OTCBB

[here4beer]

Smells like BK

[TheNervousInvestor]

In at .355 thought I was in pretty low but missed it by a little. Everyone is talking horrible about this stock, but I think it will pull something off and the sp will rise. Who agrees?

[JDUR]

Agreed just took a small position at .33

Hope this is a bottom but who knows

[ecmoney]

i'm glad i waited for this to come down...probably delisting into the OTC market..i believe it's still a good trade

i will wait for bottom

[ecmoney]

[declaes]

BK wrote all over it... Watch ou

[ecmoney]

i'm going to wait until next week for a lower price

sitting at .41 now but i think i can get better

maybe .30

[RJ Trotts]

EDMONTON, Feb. 20, 2014 /CNW/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today announced that the special committee of its Board of Directors has selected Rothschild as its independent financial advisor to assist it in its strategic alternative review process.

As previously disclosed, the Board of Directors constituted a special committee of independent directors to (i) review and respond to recent developments in Ontario regarding the Company's inability to sell payday loan products in Ontario and (ii) to carefully evaluate the strategic alternatives available to the Company with a view to maximizing value for all of its stakeholders.

The Board has not established a definitive timeline for the special committee of independent directors to complete its review and there can be no assurance that this process will result in any specific strategic or financial or other value-creating transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until the Board of Directors approves a specific transaction, concludes its review of the strategic alternatives or otherwise determines there is material information to communicate.

About Cash Store Financial

Cash Store Financial is the only lender and broker of short-term advances and provider of other financial services in Canada that is listed on the Toronto Stock Exchange (TSX: CSF). Cash Store Financial also trades on the New York Stock Exchange (NYSE: CSFS). Cash Store Financial operates 510 branches across Canada under the banners "Cash Store Financial" and "Instaloans". Cash Store Financial also operates 27 branches in the United Kingdom.

Cash Store Financial and Instaloans primarily act as lenders and brokers to facilitate short-term advances and provide other financial services to income-earning consumers who may not be able to obtain them from traditional banks. Cash Store Financial also provides a private-label debit card (the "Freedom" card) and a prepaid credit card (the "Freedom MasterCard") as well as other financial services, including bank accounts.

Cash Store Financial employs approximately 1,900 associates and is headquartered in Edmonton, Alberta.

Cash Store Financial is a Canadian corporation that is not affiliated with Cottonwood Financial Ltd. or the outlets Cottonwood Financial Ltd. operates in the United States under the name "Cash Store". Cash Store Financial does not do business under the name "Cash Store" in the United States and does not own or provide any consumer lending services in the United States.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of United States federal securities legislation, which we refer to herein, collectively, as "forward-looking information". Generally, forward-looking information can be identified by the use of forward-looking terminology such as "estimates", "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cash Store Financial, to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, changes in economic and political conditions, legislative or regulatory developments, technological developments, third-party arrangements, competition, litigation, risks associated with but not limited to, market conditions, and other factors described under the heading "Risk Factors" in our Annual MD&A, which is on file with Canadian provincial securities regulatory authorities, and in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. We do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE The Cash Store Financial Services Inc.

Copyright 2014 Canada NewsWire

[ecmoney]

i'm waiting for a lower price, which will probably happen....unless the company can negotiate a compromise with the regulating departments

[RJ Trotts]

ugly last few days, I have been avg down, I am not sure if that is a good idea or not...time will tell

[ecmoney]

still keeping an eye on this one...

[Juschilln]

Yes. I'm pretty sure they can do it. Simple negotiations on a few sticking points, I guessing. Fingers crossed!

[RJ Trotts]

If they can get Ontario back in their favor we are golden.

[Juschilln]

I think this is going to be a very good pick up. I'm hedging on provisions being worked out in Ontario and a big jump in stock price. I'm gambling here guys.

[RJ Trotts]

PR out...Cash Store Financial Provides Ontario Update; Board Establishes Special Committee of Directors

Date : 02/19/2014 @ 7:00PM
Source : PR Newswire (Canada)
Stock : The Cash Store Financial Services Inc. Common Shares (Canada) (CSFS)
Quote : 0.53 0.03 (6.00%) @ 7:15PM





Cash Store Financial Provides Ontario Update; Board Establishes Special Committee of Directors







Print



The Cash Store Financial Services Inc. Common Shares (Canada) (NYSE:CSFS)
Intraday Stock Chart

Today : Wednesday 19 February 2014
Click Here for more The Cash Store Financial Services Inc. Common Shares (Canada) Charts.

EDMONTON, Feb. 19, 2014 /CNW/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today announced that its Board of Directors has constituted a special committee of independent directors to review and respond to recent developments in Ontario.

On February 12, 2014, the Ontario Superior Court of Justice ordered that the Company's subsidiaries, The Cash Store Inc. and Instaloans Inc., are prohibited from acting as a loan broker in respect of its basic line of credit product without a broker's license under the Payday Loans Act, 2008 (the "Payday Loans Act"). As part of its overall business strategy, and as a result of the current regulatory environment and the court decision, the Company has taken all steps necessary to immediately cease offering all line of credit products offered to its customers in the Ontario branches.

On February 13, 2014, the Ontario Registrar of Payday Loans issued a proposal to refuse to issue a lender's license to the Company's subsidiaries, The Cash Store Inc. and Instaloans Inc., under the Payday Loans Act, 2008. Therefore, the Company is not currently permitted to sell any payday loan products in Ontario.

The Board of Directors believes that in light of these recent developments, it is prudent to mandate a special committee to carefully evaluate the strategic alternatives available to the Company with a view to maximizing value for all of its stakeholders. The special committee has engaged Osler, Hoskin & Harcourt LLP as its independent legal advisor to assist it in its strategic alternative review process.

[ecmoney]

watching this one very closely thursday and friday. when opportunity knocks , you better open the door.

[RJ Trotts]

Time & Sales
Price Size Mkt Time
f $0.53 100 NYE 15:53:10
f $0.53 100 NYE 15:53:10
f $0.53 100 NYE 15:53:10
f $0.53 100 NYE 15:53:10
f $0.53 100 NYE 15:53:10
f $0.52 500 NYE 15:50:38
f $0.52 500 NYE 15:50:38
f $0.52 1,000 NYE 15:50:38
f $0.52 1,000 NYE 15:50:38
f $0.52 500 NYE 15:50:38
f $0.52 1,000 NYE 15:50:38
f $0.52 500 BOS 15:50:38
f $0.52 1,000 NSD 15:50:38
f $0.51 100 NYE 15:50:38
f $0.53 650 NYE 15:50:38
f $0.5299 100 NYE 15:50:38
f $0.52 1,000 NYE 15:50:38
$0.51 100 NYE 15:50:38
$0.5102 1,000 NDD 15:49:22
f $0.5232 700 NYE 15:33:28
f $0.52 100 NYE 15:33:28
$0.52 100 BATS 15:33:28
$0.52 100 BATS 15:33:28
f $0.50 400 NDD 15:33:28
f $0.50 254 EDGA 15:33:28
f $0.50 400 PHL 15:33:28
f $0.50 500 BATY 15:33:28
f $0.50 1,000 BATS 15:33:28
f $0.50 500 BOS 15:33:28
f $0.50 1,000 NSD 15:33:28

[tommer]

it is a hearing for a proposal to cancel the license....
meanwhile they are cancelled....

bouncing here!

[mikeymgd]

I am also looking at the chart but cannot get past the big issues plaguing the company.

Can CSFS survive without the license?

Of the 38m in revenue last quarter, 35 million of it was from Payday Loans. Those loans are no longer being written in 95% of their branches. I do not see the small 27 branches in the UK as supporting the company alone.

CSFS is clearly a bankrupt bank if they do not get the license. Losses will balloon into the 10s of millions per quarter based on SG&A expenses.

Another issue is a notice of delist heading their way. The NYSE will issue a delist notice in the coming weeks. CSFS no longer meets the minimum bid price to remain listed. To be fair I believe it will be almost 3 weeks still.

All in all the stock is near 0 in value until the Canadian government reissues their license. In fact I cannot see how they keep their 500+ branches in Canada open at the moment. The remaining business generates little money or customers. Its nothing but straight losses every day they open the doors.

The stock desperately needs an update on when the hearing is to be held. That date cannot be several months out.

For everyone's sake I truly hope this can bounce but I am not sure even 60 cents would be realistic based on fundamentals. Sellers will likely take any opportunity to get out with any bullish move.

What a cluster f%^& this became. A real shame.

[RJ Trotts]

As of the close it was a nice bid support of over 35k bidding at .50, and we did a double bottom. Lets see if it can hold through tomorrow's trading, if it does we should be back at the .60 support very quick...IF the .50 holds. That is what I see on the chart, then after .60 it becomes .64 for the next bit of resistance then a gap up to .73-.75. Time will tell, and best of luck to all of us here.

[RJ Trotts]

Time & Sales
Price Size Mkt Time
f $0.50 500 EDGX 15:59:19
f $0.50 400 EDGX 15:59:19
f $0.50 100 EDGA 15:59:19
f $0.51 500 EDGX 15:58:50
$0.51 100 BATS 15:58:50
$0.51 100 NYE 15:55:06
$0.51 100 NYE 15:55:06
f $0.515 500 NYE 15:51:43
f $0.515 300 NYE 15:51:43
f $0.515 2,200 NYE 15:51:43
f $0.515 300 NYE 15:51:43
f $0.515 900 NYE 15:51:43
$0.5149 300 NDD 15:51:43
$0.515 1,000 NDD 15:51:09
$0.5149 1,000 NDD 15:36:24
$0.5149 300 NDD 15:36:24
$0.5149 300 NDD 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 300 NDD 15:36:24
$0.5149 300 NDD 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 300 NDD 15:36:24
f $0.515 300 NYE 15:36:24
$0.5149 300 NDD 15:36:24
$0.515 500 NYE 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 100 NDD 15:36:24
$0.5149 300 NDD 15:36:24

[Juschilln]

I agree! We will see!

[RJ Trotts]

added more at .52 I am hoping this is a gift...time will tell

[Juschilln]

I'm hoping the denial was due to relatively minor issues that can be corrected fairly easily. First hint of green (no pun intended) I'm going to load for the bounce. Just swagging at this one.

Good luck!

[mikeymgd]

Coming up with a value for this company is difficult. The Payday loan registration was rather key to their success. The fact they were denied means a lot more pain ahead for this company.

If they cannot get their SG&A under control, there is little hope of a turn around.

I had hoped to play the approval bounce but did not expect them to get denied.

Good luck all.

[RJ Trotts]

I added a few on Friday, and if it dips in the morning I will add more. Best of luck!

[here4beer]

maybe its time to scoop up some shares

[here4beer]

i like it for a bounce

[here4beer]

looks like it'll join OTC soon

[here4beer]

what s the deal with this play

[RJ Trotts]

joined you earlier today

[Juschilln]

I am now.

[mikeymgd]

Anyone still watching this?

Does anyone know if they have received the loan approval yet?

[Frozack]

Just found this bad boy and loved the chart and financials. Lets get this thing moving!!!