Our payday may be here, Diva. Patience is the most important variable in investing. I hope Jovie didn't throw in the towel. He deserves this.
That 25,000 is me, taking a $1,000 dividend yesterday. Volume is so high, we shut the market down. Will be very interesting come Monday. Two very, very interesting press releases yesterday. The one with PremFina is very relevant and a confirmation of what we've been saying. The Canadian volume, as you noted, is in the millions and could be a game changer. We shall see soon enough.
1) Blockchain, new strategic focus PR
https://www.prnewswire.com/news-releases/fineqia-announces-strategic-shift-toward-blockchain-technologies-661340293.html
2) New Ownership Interest in PremFina:
http://www.newswire.ca/news-releases/fineqia-takes-equity-stake-in-debt-securities-originator-ixl-premfina-661341413.html
That means that $38 million in venture capital PremFina received, noted in my prior post, is partly ours. That loan to PremFina was very accretive for all.
$946,000 remains in our a/c, which is good for me. And this is the most important piece of information:
""Having a preferred and equity relationship with a debt originator such as PremFina helps us secure a pipeline of ongoing debt securities issuances," said Fineqia's Chairman Martin Graham. Premium finance is considered high quality debt with U.K. industry loan losses at less than 0.15%.
Now every speech and article on PremFina is that much more interesting to us. This next chapter is proving to be a good adventure story. Being stowaway capital definitely has its perks.
I'm not too savvy about Canadian security laws, so not sure when our next MD&A comes out, but the one after this next one should be the most interesting in my opinion.
I'm going to venture a guess that we get an update on THE FIELD next week. Just a guess is all. And a new offering for investors, unique to Fineqia.
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